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Each week we select the 3 news items that matter and explain why and link to one expert opinion. For the intro to this weekly series, please go here. Announcing Coinbase Index Fund. For people looking to get in on cryptocurrencies, without having to bet on a single one, index funds can provide the simplest alternative to get exposure to cryptocurrencies.
The index fund will only be available to accredited US. Investments can be made in USD or any of the included digital currencies. It allows everyday investors an easy way to enter a market, by putting money in a targeted asset class. Basically, crypto index funds work the same way as the traditional index funds.
They basically pool money from retail and institutional investors and invest the money in specific instruments. An investor could bet on a single coin, like Ethereum, Bitcoin, Litecoin, Bitcoin Cash, but there is plenty of risk with that.
Potentially that coin could tumble. With crypto being as volatile as it is, most investors want vehicles that can help them diversify their risk and lower the volatility of their portfolio. In December, Bitwise Asset Management launched HOLD 10 , a passively managed index fund of the top 10 cryptocurrencies by inflation-adjusted market capitalization.
The index holds and weights the top 10 cryptocurrencies by inflation-adjusted market capitalization, taking into account the supply inflation schedules for the next five years. It already had trusts in place for Bitcoin, zCash, and Ethereum Classic.
One of the first indexes in the market is Bittwenty. According to a post by its founder on bitcointalk. The platform offers a broad set of unique and intuitive tools to invest in and manage various digital assets and combinations of digital assets called Digital Asset Arrays.
Arrays can consist of any number of underlying digital assets. For example, you could design a diversified array to maximize value stability or a higher-risk array tuned to aggressively pursue maximal gains. While the ones I mentioned here might better known, here is some more that might be worth looking at:.
As cryptocurrencies gain popularity, more and more people want to get in on the crypto market. Charles Schwab reported But the reality is that crypto is still pretty technical and hard for people to approach.
Buying a single token or index is an easier and less-stressful approach. The question that weighs heavy for most, is when and what to buy. While in a large number of crypto hedge funds popped up, for the average investor, affording minimums or having the right contacts to get into a hedge fund can be a real challenge. This is where cryptocurrency index funds come in. Crypto Index funds enable investors to track the performance of the crypto market without having to study each cryptocurrency separately.
They serve as a great alternative to portfolio diversification for any investment. The new mobile app will allow customers of these banks to conduct internal transactions 24 hours a day and seven days a week, without the usual time restrictions imposed by traditional bank transfers.
To do this, customers can use their bank account number, phone number or QR code. This is an important development for Ripple. After all, Ripple is one of the best performers in the cryptocurrency market on year-over-year returns. One attractive element of the Ripple ecosystem pulling in financial institutions from around the world lies in the ease with which banks could handle domestic and cross-border financial obligations.
The Ripple gives banks and other payment institutions cheap and faster ways of remitting money locally and across borders. What does Ripple do? Banks seem to be waking up to the idea that blockchain technology is essential, especially where speed, integrity and transparency of transactions are concerned.
Ripple has definitely found a problem worth solving and banks across the world are experimenting with Ripple technology. Although some of these platforms claim to use strict standards to pick only high-quality digital assets to trade, the SEC does not review these standards or the digital assets that the platforms select, and the so-called standards should not be equated to the listing standards of national securities exchanges.
The SEC has said many tokens issued through initial coin offerings are securities. Obviously, the news was not well received by many investors because the confidence in the marketplace was shaken and the price dropped for most of the major cryptocurrencies. A federal crackdown may be looming over the cryptocurrency world.
The SEC questioned the standards used by platform operators when choosing which assets to trade. The regulatory body also suggested the operating framework of some online platforms lacks the integrity of exchanges governed by federal rules.
As cryptocurrency has significantly gained steam over the last couple of years, governments and traditional financial regulatory agencies have struggled to come to terms with how to address the wild west nature of digital assets. A main point of contention among regulators is that most of the Initial Coin Offerings ICOs used by startups strongly resemble stock offerings. As such, their reasoning goes, cryptocurrencies should be treated as securities and both the coins and the ICOs should fall under federal regulation.
It remains to be seen to what degree the SEC will enforce this policy moving forward, as well as whether it will seek any penalties against exchanges for past violations. With dozens of ICOs raising billions in capital, and Bitcoin climbing to record highs, concerns about the possibilities for money laundering and fraud have grown.
In general, regulators in the US are encouraging of innovation in this space, and have laid out a bright vision of true disintermediation and adoption of blockchain technology. Practically, anyone thats continues to offer for sale or sell ICO-issued tokens is violating their warnings and can be found at fault and potentially face retroactive enforcement action in the future.
Get fresh daily insights from an amazing team of Fintech thought leaders around the world. Ride the Fintech wave by reading us daily in your email. You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. March 12, March 11, Ilias Louis Hatzis. Announcing Coinbase Index Fund Decrypted: While the ones I mentioned here might better known, here is some more that might be worth looking at: It gives banks the ability to efficiently move money across borders.
Banks like this software because it allows them to save money and time when sending payments, without introducing much risk or changes to their workflow. It is the only Ripple product that does use XRP. Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.
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