 |
Fred Pye and Jack Tatar Discuss Alternative Assets and Portfolio AllocationMarch 23, 2018 – 3iQ’s CEO Fred Pye and Independent Advisor Jack Tatar discuss the evolving Cryptoasset landscape in Wealth Professional’s Alternative Investments magazine. Pye describes how blockchain technology may be just as valuable as internet technology, stating it could be the biggest technological advancement in our generation. Pye goes into further detail describing why your investment allocation in cryptoassets needs to be more than zero. Bitcoin and other cryptoassets had a rocky start to 2018, however, Pye believes this is not a bad thing. “Volatility is not necessarily a bad thing in the investment business,” he said, adding “If you have a volatility of zero, your expected rate of return is zero”. Read Fred’s interview here. “Investors and advisors must be prepared to discuss the concept of money changing form in our lifetime” states Pye. 3iQ recently launched Canada’s first mutual fund for cryptoassets, the 3iQ Global Cryptoasset Fund. Pye believes this fund could be the next step in the evolution of the industry. An OSC regulated mutual fund provides an easier way for Canadians to get exposure to cryptoassets while maintaining rigour around security and custody. Read the full article, Every Bit as Good here. |
 |
Twitter/Square CEO: Bitcoin Will Become World’s “Single Currency”March 21, 2018 – Twitter and Square CEO, Jack Dorsey, predicts Bitcoin will overtake the dollar and become the single global currency of the world within a decade. Despite recent weakness in the value of bitcoin, as well as scalability concerns, the Silicon Valley entrepreneur believes Bitcoin will overcome these issues. Dorsey also stated that he believes payment processing companies such as Square need to help to make sure bitcoin becomes more widely accepted. Regarding Bitcoin’s current issues, Dorsey said “It’s slow and it’s costly, but as more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable”. Read the full article here. |
 |
TMX and Paycase Launch Canadian Cryptocurrency BrokerageMarch 23, 2018 – Shorcan Digital Currency Network (DCN) will be partnering with Paycase to launch a digital currency brokerage service. Shorcan DCN is a subsidiary of the TMX Group, the firm which operates the Toronto Stock Exchange (TSX). The arrangement will allow for the two Toronto-based companies to work together in improving the integration of digital currencies with traditional markets. The brokerage is said to focus on the cryptocurrencies bitcoin and ether . In addition to the brokerage service, Shorcan DNC and Paycase will be creating new digital currency benchmarks. The proprietary benchmarks will be based on data from the world’s leading crypto exchanges and OTC brokered volume. Read the full article here. |
 |
Deutsche Bank Exec: Bank Accounts Could Vanish Within 15 YearsMarch 22, 2018 – Marcus Schenck, co-head of corporate investment banking at Deutsche Bank, believes the rise of individual wallets for cryptocurrencies may cause bank accounts to become obsolete. Schenck stated that a recent trip to a Chinese computer manufacturing company opened his eyes to the fact retail banking is ripe for disruption. “Technology is impacting the different businesses we are operating in in different ways,” Schenck said, adding that in retail banking “there is a completely new normal evolving”. Schenck also described how the vast majority of bank operations have already transitioned to electronic interactions. He notes that today, being able to code may be just as relevant as being able to speak English. Read the full article here. |
 |
G20 Calls For Crypto Regulation Recommendations By JulyMarch 20, 2018 – As the international G20 forum approached in Argentina, many investors were anxious as to how regulators would react to digital currencies. The world’s economic leaders have announced that more information is needed before any regulations can be proposed. The Financial Stability Board (FSB) will be consulting with the Financial Action Task Force (FATF) and delivering its findings by July 2018. Regulation is a divisive topic in the crypto space, and many proponents believe that increased regulations may help the industry overcome some of its challenges. Regulations provide clearer guidelines, which can help reduce speculation and improve market stability. Read the full article here. |
