The intensive development of the cryptoeconomy opened up a wide set of options for new types of investments. The acquisition of cryptocurrencies and tokens of ICO projects have become a substantial alternative to traditional investment options. The prospect of the given direction lies in a rapid tokenization of different assets in different sectors of the economy. Implementation of blockchain technology will change the investment environment forever and will allow purchasing of almost all types of existing assets in digital format.
Social trading platform Etoro is expanding into the US. Pre-registration has already begun. Initially, 10 cryptocurrencies will be offered, but the company plans to add more throughout the year. The company’s crypto business has boomed in recent years, with 70% of its users reportedly trading cryptocurrencies.
Etoro Launching in the US
Social investment platform Etoro has announced that it is expanding into the US market. CEO Yoni Assia unveiled the company’s plans at the Consensus conference on Tuesday. According to the announcement:
Confident in the belief that all assets will be digitized in the future, investment platform eToro has announced it will launch a cryptocurrency offering in the United States. The launch will initially enable U.S.-based users to invest in 10 cryptocurrencies, with more to be added throughout 2018. Users will have access to a community feed and tools, letting them engage in conversations about cryptocurrencies and follow the investment strategies of other U.S. users.
Peer-to-peer marketplace Paxful has announced plans to construct a blockchain technology incubation hub in Lagos, Nigeria. The project — set to be launched this coming fall — will provide a coworking space for company staffers and offer services like networking for ICO advisors, corporate and individual blockchain training, and mentorship for Nigerian blockchain developers.
In recent years, Bitcoin’s popularity in Africa has experienced massive swells. Many residents do not have applicable access to traditional finance options due in part to inflation, strict monetary regulation and government corruption, and Bitcoin has provided them with the freedom and support they need to survive and purchase daily necessities.
Blockchain-based investment platform Relex has expanded plans to enter Russia, seeking an office in the free port of Vladivostok and filing an application with the Central Bank of Russia for a trial balloon program. This move comes a few weeks after a successful summit at the Yalta International Economic Forum in Crimea. During the conference, the team was approached by representatives from the Central Bank of Russia, who suggested that Relex apply to a Fintech pilot program. This application has since been filed and is awaiting approval. Acceptance could provide opportunities such as proffering legal and regulatory help.
Circle Invest is set to add Zcash to its cryptocurrency trading portfolio. Circle, the payments startup firm announced this in a blog post on April 30. Zcash becomes the sixth cryptocurrency in the Circle Invest trading catalog.
The addition of Zcash is the first of many announcements scheduled for the next three weeks.
Hello, Zcash . A new coin just joined the Circle Invest family, and it's available for you to buy right now. Learn more here: https://t.co/pR0y6T1H2K
— Circle Invest (@circleinvest) April 30, 2018
The Distributed Markets conference took place in Chicago on April 23, 2018, and featured an array of blockchain and financial experts working to shed light on opportunities and changes happening in the cryptocurrency space.
Among the main goals of the conference was to educate attendees on how they could integrate blockchain technology into their businesses, thereby increasing cost-effectiveness and overall efficiency. A Blockchain Academy workshop and a hackathon were also available to give developers and entrepreneurs a chance to study blockchain macro cases and showcase their skills.
The city government of Shenzhen, China, is backing an $ 80 million blockchain investment fund, soon after Hangzhou city supported a similar effort.
Influential investment bank Saxo released the 35 page, Q2 2018 Quarterly Outlook. In it, the bank’s newly hired Crypto Analyst, Jacob Pouncey, noted the perils of this year’s first financial quarter with regard to digital assets. Taking into account several factors, he believes the next three months could be a breakout time for digital assets, holding the potential to trigger a bull market.
Traditional Australian investors have gotten a new alternative for investing in the bitcoin and cryptocurrency markets. A publicly listed firm has launched a fund focusing on the field. Additionally, Digitalx has created a new educational video platform about cryptocurrency.
Digitalx Ltd (ASX: DCC), has launched a new crypto-assets investment fund that will focus primarily on leading cryptocurrencies while allowing diversification with regulated ICO tokens, crypto derivatives, fiat, and managed schemes. Ellerston Capital veteran Tim Davies has been appointed as portfolio manager.