There’s no denying that 2017 was a great year for Bitcoin. It started the year going for under $1,000. It started making some waves in the summer when it hovered in the $4,000 range. Then, in the early part of December, it almost hit $20,000, a phenomenal record that blew practically everyone away. Bitcoin made…
Mechanisms to comply with MiFID II’s requirements include: P&L: An asset manager may elect to absorb all research costs. Research Payment Accounts: Client-funded Research Payment Accounts (RPAs) may be created to govern the use of commissions for research within a pre-determined annual budget. However, once an asset manager’s annual RPA research budget is consumed, an asset manager…
About half a year ago, SEC released an investigative report concluding that DAO Tokens were securities. Since then there have been a number of high profile cases reinforcing this classification world-wide – UIP, LLToken, CCC, and HMS had to issue refunds to the ICO purchasers in China, Protostarr closed up shop, REcoin and DRC World were charged with fraud and so on. On one…
Poloniex is a cryptocurrency-only exchange and is, in fact, one of the longest-running crypto exchanges there is. Recently Poloniex made an announcement that has some users grumbling about their decision to start trading on this particular crypto exchange. On December 27, Poloniex announced that it has upgraded its customer identification and verification systems. This means…
BTC transactions per day have declined since the peak around 490,000. This trend has been matched through Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). ETH continues to process the highest number of transactions per day, almost double that of BTC. However, the average value of a BTC transaction is over 10x greater than ETH…
2017 will likely go down in history as Bitcoin’s first real ‘hair-on-fire’ year — and there will likely be many more to come. As the wild ride winds down though, we thought a review of some of 2017’s most well-read stories might assist in putting some perspective around the events of the year — and…
Blockchain technology was invented back in 2008. But it’s just now taking the internet, technology, and even banking by storm. Already, 24% of people around the globe are familiar with blockchain technology. That number is 41% if you only count people in North America. In 2015, 13 different blockchain companies secured $365 million in funding.…
Cardano (ADA) has benefited from a market filled with bullish exuberance, exploding in price from under US$0.03 to US$0.41 in less than three months, a gain of over 1500%. The market cap currently stands at US$13.11 billion with US$96.56 million traded over the past 24 hours. ADA seeks to incorporate the best of every possible…
India has the seventh largest economy in the world and its population is particularly fond of gold. Not surprisingly, therefore, the popularity of the “digital gold” bitcoin is on the rise as Indians are increasingly starting to see the value of this new digital asset class. Bitcoin adoption took a little longer to reach India…
Litecoin (LTC) made a new all time high in mid-December, and has cooled off slightly since. The market cap currently is holding at a steady US$16.88 billion with US$1.52 billion in trading volume over the past 24 hours. LTC has also seen increasing transactions per day throughout December, as the Bitcoin and Ethereum networks have…
