March 26 – April 1, 2018 | Intel, Crypto-mining & More Crypto News

3iQ Research Group consolidates the top five cryptoasset stories of interest
to investment advisors and our investors.


3iQ Corp. Now Accepting Orders for the 3iQ Global Cryptoasset Fund

April 1, 2018 – 3iQ Corp. is pleased to announce that it is now accepting orders for its 3iQ Global Cryptoasset Fund. The 3iQ Global Cryptoasset Fund is Canada’s first multi-cryptoasset fund, providing accredited investors, advisors, and dealers exposure to bitcoin, ether, and litecoin.

All purchasers must qualify as “accredited investors” under applicable securities laws of the province or territory in which they are resident or be able to purchase such securities pursuant to other available exemptions from the prospectus requirements of such securities laws. Please visit http://www.osc.gov.on.ca for details on what qualifies you as an accredited investor.  3iQ Funds are available for purchase through your financial advisor through the independent dealer channel.

  1. Download and review the offering memorandum summary.  Please consult with your financial advisor to determine your eligibility and to ensure that the 3iQ Global Cryptoasset Fund meets your suitability and risk profile.
  2. Download and complete the subscription document.
  3. Submit signed and completed subscription document to your financial advisor.
  4. Your financial advisor may have to submit your order to their compliance team for an order approval for participation to a “private placement” (Please contact us to determine if your advisor is an approved partner).
  5. Once approval is confirmed, your financial advisor will have to enter the purchase order through Fundserv.

Coinbase Announces Support for Ethereum ERC20 Tokens

 

March 26, 2018 – In a recent blog post, the digital currency exchange, Coinbase, has announced plans to start supporting Ethereum based ERC20 tokens. For those unfamiliar, ERC20 is a technical standard used by developers to create utility tokens on the Ethereum network. Currently, there are thousands of ERC20 based tokens, including popular cryptoassets such as EOS and QTUM. Learn more about Ethereum Token Standards in 3iQ’s “Ethereum Profile”.

In the blog post, Coinbase said “This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time.” According to the announcement, ERC20 support will gradually be implemented across all of Coinbase’s products, although no timeline has been provided.

Read the full article here.

Intel Files Patent For Bitcoin Mining Hardware ‘Accelerator’

March 29, 2018 – Intel has filed a patent for a new Bitcoin mining chip accelerator. The patent was originally submitted in September of 2016 but has now been released to the public. Intel claims to have discovered a method of reducing hardware space and power consumption of Bitcoin mining hardware. They claim its new approach could reduce power consumption by up to 35%, thereby decreasing the cost of mining.

This approach by Intel is unique in that it is not limited to application-specific integrated circuits (ASICs). The “accelerator” could be applied to a wide variety of mining set-ups including general purpose processors. The news of Intel’s patent has been welcomed by many, as there have been rising concerns over the power usage and profitability of mining bitcoin and other cryptoassets.

Read the full article here.

What role does mining play in the evolving crypto landscape?
See a detailed analysis:

Cryptocurrency Mining

by 3iQ Research Group

Nearly Half of Fund Allocators Don’t Know What to Make of Cryptos

March 29, 2018 – Despite cryptocurrency existing for almost a decade, nearly half of more than 400 institutional allocators such as pension funds and family offices still don’t know what to make of cryptocurrencies. A survey conducted at the Context Summits conference in Miami from January 31st to February 2nd noted that 27% of institutional allocators consider cryptos to be a legitimate asset class.

The survey says that around 11% of institutional allocators are expecting to invest in crypto funds this year, while 18% remain undecided and 70% will hold off on investing for now. Investment allocators may be awaiting more regulatory clarity before investing in cryptoassets.

Read the full article here.

Wall Street Analyst Makes a Case for Holding (HODLing) Bitcoin Long Term

March 29, 2018 – Thomas Lee, head of research at Fundstrat Global Advisor and former chief equity strategist at J.P Morgan Chase, says investors should hold onto their bitcoin. The common advice for the traditional equity market is to buy and hold rather than to try and time the highs and lows, Lee believes the same advice holds true for bitcoin. “The reason ‘buy and hold’ (or HODL) makes sense for BTC is that a handful of days each year account for the bulk of gains for BTC,” Lee said. “For instance, in 2017, a total of 12 days represent the full-year return of BTC.”

Excluding its top 10 days of performance every year, bitcoin has fallen 25 percent annually from 2013 to 2017, Lee said, demonstrating that it is usually the patient bitcoin investor who wins over the long term. Lee believes bitcoin is still in a bull market and he maintains his midyear bitcoin price target of $20,000 USD.

Read the full article here.


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Disclosure
This Weekly Cryptoasset Newsletter is for informational purposes only and does not constitute, either explicitly or implicitly, any provision of services or products by 3iQ Corp (“3iQ”). Investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise stated therein. No part of the content may be reproduced in any form, or referred to in any other publication, without the express written permission of 3iQ. All statements made regarding companies, securities or other financial information contained in the content or articles relating to 3iQ are strictly beliefs and points of view held by 3iQ and are not endorsements of any company or security or recommendations to buy or sell any security. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. By visiting and/or otherwise using the 3iQ website in any way, you indicate that you understand and accept the terms of use as set forth on the website and agree to be bound by them. If you do not agree to the terms of use of the website, please do no access the website or any pages thereof. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right on purchasers. Past performance of cryptoassets is not indicative of future performance and should not be used to forecast any return that an investor may realize.

2018-04-05T15:05:50-04:00 April 1st, 2018|