January 22 – 28, 2018 | Top 5 Cryptoasset News of the Week

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


Canada’s First Multi-Asset Crypto Fund

January 25, 2018 – It’s been a busy week for Toronto-based 3iQ Corp. On Thursday, the company received formal approval from Canadian securities regulators to act as a portfolio manager and investment fund manager permitted to invest in multiple cryptoassets. The 3iQ Global Cryptoasset Fund will invest directly in bitcoin, ether and litecoin, three of the leading cryptoassets. Units of the fund will be available to accredited investors, advisors and dealers via Fundserv, and to pension funds, institutions and family offices via private placement.

Read the full article here.

VIDEO: RBC Analyst Calls Money Laundering with Bitcoin ‘Foolish’

January 24, 2018 – BNN spoke with Mitch Steves, an analyst at RBC Capital Markets, about the multi-trillion dollar opportunity he sees in cryptocurrency and blockchain technologies. In the video, he explains why there are other cryptocurrencies that could pose a greater money laundering threat than bitcoin.

Watch the full video here.

Retail Trading App Robinhood to Introduce Crypto Trading

January 25, 2018 – A popular trading app for millennials is now taking the plunge into cryptocurrencies. Beginning in February, Robinhood will let its customers buy 16 cryptocurrencies, including bitcoin, ether, and litecoin. Robinhood is renowned for its no-commission approach to equities trading. Cryptocurrency exchanges may face stiff competition, as Robinhood is looking to make its cryptocurrency trading free as well. Cryptocurrency markets are popular among the millennial age group. The app has over 3 million users, with a median age of 26. This demographic has been particularly enthusiastic about bitcoin and other alternate digital currencies.

Read the full article here.

Big Banks are Reviewing the Use of Credit Cards to Buy Cryptocurrencies

January 25, 2018 – Over the last year, we saw overwhelming demand from retail investors looking to invest in cryptocurrencies, and by using their credit cards, they can invest quickly without the need for a bank transfer. However, tension has been building between credit card companies and customers who want to use their cards to purchase cryptocurrencies. Some credit companies already allow cryptocurrency purchases, but many still see security as an ongoing issue. So far, It is unclear which stance Canadian banks will take on digital currency purchases with credit cards.

Read the full article here.

The World’s First Major Agricultural Trade Using Bitcoin

January 24, 2018 – A new milestone has been reached by the agricultural industry. For the first time, a cargo shipment with wheat has been completed by using bitcoin as payment. The shipment consisted of 3000 tons of wheat from Russia to Turkey. The deal was part of a pilot testing program from the company’s blockchain payment system for bulk commodities. The blockchain uses a ledger-based digital technology that will allow for the immediate processing of payments.

Read the full article here.


Learn more about the blockchain and distributed ledger technology in

Blockchain Basics”  

by 3iQ Research Group

What is a block chain infographic

 

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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.

2018-01-29T15:45:33-04:00 January 28th, 2018|