Hong Kong Has Approved the First Cryptocurrency Fund Targeting $100 Million

Venture Smart Asia’s blockchain arm, Arrano Capital, has launched Hong Kong’s first approved cryptocurrency fund. The launch targets $100 million and offers an officially sanctioned window for institutional investors in Bitcoin. The announcement emerged on Monday, after it cleared the licensing conditions which allows dealing in virtual assets with the Securities and Futures Commission. In 2019, local regulators began to find means of exerting oversight over the cryptocurrency industry. This is the first time of approving such fund since then. Before now, the…

The Emergence of Crypto IEO: Could 2020 Be the Hottest Fundraising?

In just over a year since it became popular, IEO (Initial Exchange Offering) managed to replace ICOs (Initial Coin Offerings) as the fundraising system of choice for a majority of blockchain enterprises.  In simple terms, IEOs are a token sale that operates through a partner exchange. It's identical to an ICO in almost every way except that investors who can participate in the sale are typically limited to users on the associated exchange. The IEO process kicks off with an…

Factors to Consider when Investing in Cryptocurrencies

Before an individual decides to invest in any form of cryptocurrency, he should first evaluate his understanding of the particular currency. Since it is a risky investment, anyone who has the urge to invest needs to consider the digital asset before starting the investment. An interested investor will need to pay deep attention to various aspects before buying the cryptocurrencies. Such vital points include only investing in an amount that you can lose, studying the subject keenly beforehand, understanding the…

Ten Cryptocurrency Early Investors that Made Huge Profits

In a bid to solve the current issues faced in the financial world, digital currencies came into play, with Bitcoin being the first of its kind. Twelve years down the line, bitcoin has grown its value from less than a dollar in 2010 to $41,950 in January 2021. The open-source software possesses distinct yet convenient features that make it a favorable investment option for many. Among the features include aspects such as decentralization, privacy, transparency, and many more. Due to…

10 Tools Every Cryptocurrency Investor Must Have From Day One

The growth of the cryptocurrency world is enormous, and that has been a point of attraction for many investors worldwide to maximize their incomes. However, although highly beneficial, getting things done right when investing in crypto without cryptocurrency analysis tools is not easy.  The processes involved in trading, exchanging, trading, storing, buying, and tracking transactions can be very complicated. Without the right crypto analysis tools, an investor will lose fortunes from trading.  This guide discusses some vital tools that all…