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3iQ Corp. Now Accepting Orders for the 3iQ Global Cryptoasset FundApril 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.
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Coinbase Announces Support for Ethereum ERC20 TokensMarch 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. |
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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. |
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Nearly Half of Fund Allocators Don’t Know What to Make of CryptosMarch 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. |
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Wall Street Analyst Makes a Case for Holding (HODLing) Bitcoin Long TermMarch 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. |
