News > FinTech, Blockchain

An Intro to ... Digital Asset Management
By Zoe Shing, NexChange What is Digital Asset Management? If you google ‘digital asset management,’ you will get bombarded with many different definitions of the term. To some, it may be simple enough, but it can get very confusing when everyone has a different understanding of the word. This is why this article is here to help put all your
3 Hurdles the Decentralized Finance Phenomenon Must Overcome Before Going Mainstream
One of the biggest movements currently taking place in the cryptocurrency and blockchain technology space is that of decentralized finance (DeFi). In a nutshell, the phenomenon seeks to transform the way the traditional financial system operates. Whether it’s facilitating loans, banking, or investing in the stock markets - much of the current framework is reserved for the few, not the
Is Facebook’s Libra Really A Cryptocurrency? Maybe Not
Facebook officially announced its Libra cryptocurrency earlier this week, and analysts are starting to weigh in on it. The social networking firm describes Libra as a “global currency and financial infrastructure,” add that it will “reinvent money” and “transform the global economy.” The release statement about Facebook’s Libra is full of buzzwords and feel-good terms, but is it really a
An Intro to ... Cryptocurrency Hedge Funds
By Zoe Shing, NexChange Many will have heard of “cryptocurrency fund” or “hedge fund,” but “cryptocurrency hedge fund” is still a rather recent term. This article explains everything you need to know about these funds and the risks that come with them. Cryptocurrency Funds The term “Cryptocurrency fund” is frequently used interchangeably with “cryptocurrency hedge fund.” A fund that trades
China Accelerates Own Cryptocurrency Plans in Response to Facebook’s Libra
The People’s Bank of China is apparently worried about Facebook’s digital currency, Libra. SCMP: “If [Libra] is widely used for payments, cross-border payments in particular, would it be able to function like money and accordingly have a large influence on monetary policy, financial stability and the international monetary system?” asked Wang Xin, director of the People’s Bank of China (PBOC)’s
The FCA Is Banning Crypto CFDs And Russia Is Elated
The Financial Conduct Authority, which is the regulator of the United Kingdom has announced that they will be introducing a ban on Contracts for Difference on cryptocurrencies. mohamed_hassan / Pixabay For those who don’t know. Contracts for Difference allow traders to make investments on assets without having to buy the actual thing. Meaning that the contract itself is what carries
Bitcoin Scam Generated $135,000 Daily From Thousands of Investors
MichaelWuensch / Pixabay South African investors are livid today, as reports surfaced yesterday regarding a Bitcoin scam that has defrauded thousands of people. The scam originated within a company called Bitcoin Wallet in Ladysmith, South Africa The firm allegedly claimed that it could produce profits of 100% for investors within 15 days. These promises of high returns turned out to
Economist: 'Bitcoin Is a Gambling Instrument for Chinese, Koreans and Japanese'
Economists seem to be really bagging on crypto lately. Speaking to the Korea Times, noted economist Andy Xie said that there’s basically no way that cryptocurrencies will be recognized as legal currency. "Bitcoin is primarily a gambling instrument for Chinese, Koreans and Japanese," Andy Xie, a vocal critic of the bitcoin craze, told The Korea Times. "Even though so many
Attempts To Block Facebook’s Libra Cryptocurrency May Backfire
Consumer group: Congressional attempt to block Facebook‘s Libra cryptocurrency harms consumer choice and will backfire Simon / Pixabay Washington, D.C. – Days after Facebook announced its new Libra cryptocurrency project, federal lawmakers issued stark warnings to the social media platform, and have now requested the project be put on ice. [REITs] Q2 hedge fund letters, conference, scoops etc The lawmakers
How To Secure Your Crypto Funds
Even though this year hasn’t even reached its middle yet, it has already seen about 10 significant hacks trying to get hold of large sums of money people to hold in cryptocurrencies. After the largest incident in May involving the $40 million that Binance lost to a hack, today another crypto exchange, namely Bitrue based in Singapore, has faced a