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The cryptocurrency markets continued to post a positive performance on Tuesday, with almost all Top Ten coins posting considerable increases. As at press time on Tuesday late morning Bitcoin was trading at well above the $6,700 level on Binance with turnover increasing quite considerably over the past hours. It seems that the news announcements with
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CFA Institute, with over 150,000 members, is adding cryptocurrency topics to its curriculum for the first time. The course material will be released in August. A record 227,031 people in 91 countries and territories reportedly registered to take CFA exams this year.
Crypto Added to CFA Curriculum
The world’s largest association of investment professionals, CFA Institute, “is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year,” Bloomberg reported.
A global, not-for-profit organization, CFA Institute offers a range of education and career resources including the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) designations. Its membership stood at 156,800 at the end of FY2017.
Citing that a majority of the candidates came from Asia, the news outlet elaborated:
A record 227,031 people in 91 countries and territories registered to take CFA exams in June…Material for the 2019 exams will be released in August, giving candidates their first opportunity to start logging a recommended 300 hours of study time.
Crypto – ‘Not a Passing Fad’
The CFA curriculum is organized into three levels. Level I tests “knowledge of the ethical and professional standards.” Level II tests how these standards are applied to situations analysts face. Level III tests how they are applied “in a portfolio management and compliance context.”
Each level currently consists of 10 topics such as quantitative methods, economics, corporate finance, equity management, fixed income, derivatives, and alternative investments.
The crypto addition is part of a new reading called Fintech in Investment Management, Bloomberg conveyed. The institute decided to include it “after industry participants showed surging interest in surveys and focus groups.”
Stephen Horan, the institute’s managing director for general education and curriculum in Charlottesville, Virginia, explained that “the CFA material on crypto and blockchain will appear alongside other fintech subjects including artificial intelligence, machine learning, big data and automated trading.” Citing that “more crypto topics, such as the intersection of virtual currencies and economics, may eventually be added to the curriculum,” he asserted:
We saw the field advancing more quickly than other fields and we also saw it as more durable…This is not a passing fad.
A 27-year-old financial economics student at Columbia University who took the CFA Level I exam in June, Kayden Lee, was quoted by the news outlet saying that “it will be beneficial for us since there’s been a huge expansion and adoption of crypto in our investment universe.”
What do you think of CFA Institute adding crypto topics to its curriculum? Let us know in the comments section below.
Images courtesy of Shutterstock and CFA Institute.
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Gaël Monfils, the 31-year-old French tennis star, is known as “Sliderman” for his on-court showmanship. He may take chances when trying to win Grand Slam matches, but when it comes to personal finance Monfils – who reached a career high of No6 in the world in 2016 – says he is risk-averse. His investment platform of his choice? The world’s leading social trading network eToro, which specialises in cryptocurrencies.
Monfils has been described by The Sunday Times magazine as “the most interesting guy in tennis” and Britain’s former world No1 Andy Murray reckons the agile Frenchman is the best athlete in the sport. He is not bad when it comes to investing in crypto, either, and began actively trading on eToro in 2017 (https://www.etoro.com/people/lamonf), having heard about the award-winning platform from his brother-in-law. He was drawn to its wide selection of cryptos and innovative investment tools.
Now he is sponsored by eToro, and the video the platform produced introducing Monfils – which you can see below – has generated almost four million views since late May.
The Swiss-based tennis maestro, who played in his tenth Wimbledon in July and had reached two Grand Slam semi-finals (both at the US Open, in 2008 and 2016) and has amassed £10.5 million of prize money in his career, says another big plus for is eToro is its excellent multi-channel user-friendly interface.
“I use [eToro] while travelling and it gives me some independence with my money,” he said in an interview for The Times on the eve of The Championships at Wimbledon (https://www.thetimes.co.uk/article/gael-monfils-the-crypto-factor-gave-me-flashy-returns-tlr9b6bgv). “I have a diverse portfolio, with a particular interest in big tech stocks.”
Monfils claims he made a healthy profit recently when selling his crypto assets on eToro, which over the years has pioneering various innovative features in the world of online trading – including CopyTrader, and CopyFunds.
“Last year I was investing especially in cryptocurrency – ethereum, litecoin, XRP and bitcoin,” he told The Times. “I sold out but have some left as a long-term investment, which I am not touching.
“I find [cryptos] fascinating – it’s futuristic, definitely novel, quite volatile, and it’s interesting how and why they built it. I made a very good profit; I could have had more, for sure, if I had held it for a bit longer, but I sold it at the right time for me. I think I made close to 75 per cent profit.”
On his trading style, Monfils – whose biggest payday came in 2016 when he reached the last four of the US Open and was rewarded with $875,000 (£660,000) – added: “I know how hard I have worked to win my money. I’m a very safe person in terms of risking money. It’s so hard to earn the money – why would I then risk it?”
Top tennis talent Monfils finds eToro’s service ace – and is urging others from around the globe to join him on the platform. And given his impressive track record in crypto trading he is good value for users looking to use the CopyTrader tool.
Explore eToro today.
All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results.
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Barely two months after announcing that it would start accepting donations in cryptocurrency, East London’s Shacklewell Lane Mosque has received more contributions in cryptocurrency compared to cash. According to iNews, the Dalston, East London-based mosque collected donations amounting to approximately £13,983 in cryptocurrency. This was four times more than the value of contributions that were … Continued
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Japanese mobile giant LINE has officially launched operations of its Singapore-based cryptocurrency exchange BITBOX with support for 30 cryptocurrencies including bitcoin. With an announcement on Tuesday, LINE confirmed the exchange will only support crypto-exclusive trading pairs with no trading offered between fiat currency and cryptocurrencies. Around 30 coins are being traded presently at launch including … Continued
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In today’s edition of Bitcoin in Brief we cover the news that the world’s largest asset manager Blackrock is examining the crypto market, Coinbase is approved to list security tokens, and Bitpay got a New York Bitlicense. Additionally, the BCH exchange rate is now displayed directly on Google.
Blackrock Examining Crypto Market
Blackrock, considered to be the world’s largest asset manager with over $6 trillion in assets under management, is probing the crypto market. Reports have popped up yesterday that the NYSE-listed company has created a ‘working group’ to explore how it can take advantage of the hot new alternative investment instruments.
Larry Fink, chairman and CEO, subsequently denied in an interview that the company is setting up any crypto trading capabilities or that Blackrock received demand for it from its clients. However, he did confirm that the company is studying the performance of cryptocurrencies to be prepared for the eventuality in the future. “When it becomes more legitimatized, when it has a true open nature of it that you can identify who the players are on both sides, that’s when we’ll probably look at it,” Fink said.
Coinbase Approved to List Securities
There has recently been a race among crypto companies to acquire licenses to offer securities in the US, with firms such as Coinbase, Circle and Uphold buying up regulated assets. Now the former says that the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have approved its takeover of Keystone Capital, Venovate Marketplace and Digital Wealth, the three entities that Coinbase sought for their licenses. The next step for the company is integrating its own technology into the new subsidiaries, and training up its staff to comply with American securities brokering regulations.
Bitpay Gets a Bitlicense
Bitpay, the digital asset service provider based in Atlanta, Georgia, received a Virtual Currency License from the New York Department of Financial Services (DFS). This ‘Bitlicense’ enables businesses based in the state to leverage Bitpay to accept BCH and BTC for purchases from users globally, and local residents to be able to make purchases with the service.
“This is an important milestone for BitPay to secure the virtual currency license from the New York Department of Financial Services and be the first non-exchange to do so,” said CEO Stephen Pair. “New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.”
“DFS welcomes BitPay to New York’s expanding and well-regulated virtual currency market,” said Superintendent Maria T. Vullo. “We continue to work to support a vibrant and competitive virtual currency market that connects and empowers New Yorkers in a global marketplace while ensuring strong state-regulatory oversight is in place.” In total, DFS has now approved ten firms for bitlicenses and charters.
Peter Thiel and Bitmain Invest in EOS Publisher
Block.one, the company behind the development of EOS, has announced the closure of its latest strategic investment round. Paypal co-founder Peter Thiel has led this round, along with other investments from Bitmain, Louis Bacon, and Alan Howard. “As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world,” said CEO Brendan Blumer. “The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption,” commented Jihan Wu of Bitmain.
Bitcoin Cash Is Now on Google
What do you do when you want to check the current price of BCH? Now you can just enter ‘bitcoin cash’ on Google and the search engine will display the exchange rate as the top result.
And last but not least, Robinhood has announced that after BCH and LTC, it has now added for trading on its Crypto app the lovable shiba meme-based cryptocurrency, Dogecoin.
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.
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Stasis, the crypto ecosystem which recently launched the stablecoin EURS that is paired exactly against the Euro recently announced that it had onboarded its first institutional client. The announcement was made through a tweet by Stasis CEO Gregory Klumov. Speaking exclusively to CCN, Klumov explained that the client operates in the field of money management. … Continued
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