Rojin Nair, Advisor
June 1st, 2021
At Incyub8 Inc, Rojin is focusing on nurturing and guiding various national and international start-[...]
Entrepreneurs who use Utility Tokens to reduce CAC (Customer Acquisition Cost) will create the most valuable Security Tokens
Daily Fintech | | Apr 13, 2019
This post is an update to the chapter on Investing in Utility Tokens in The Blockchain Economy digital book.
This post describes:
- The SEC rules governing Utility Tokens.
- Laws change over time and vary by jurisdiction.
- Four reasons why other jurisdictions will probably follow the SEC rules.
- Utility Tokens can be used to improve CAC/LTV, which is a critical metric driving valuation.
- Invest in Security Tokens of ventures that offer great Utility Tokens.
- Two ways that a Utility Token is different from a traditional crowdsale.
- The future cryptocurrency landscape will have 4 different types of assets.
See: A Regulation Revolution In Financial Services
The SEC rules governing Utility Tokens
The SEC rules were analysed in Ilias Louis Hatzis’s Daily Fintech post on Monday. For convenience the key rules (defined in a No Action letter for the Utility Token of a company called TJK) are copied below:
- “Token holders won’t be granted an ownership stake in the company.
- Any funds raised from the token sale will not be used develop the platform or app.
- When the tokens are sold, they must be usable immediately for their intended functionality.
- Transfers of the TKJ tokens are restricted only to TKJ wallets. External wallets are not allowed.
- TKJ tokens will be priced at 1 USD per token. Each token will essentially function as a pre-paid coupon for TurnKey’s air charter services. If TurnKey wants to buy back the token (coupon), it must do so at a discount (less than 1 USD).
- The token must be marketed in a way that emphasizes its functionality, and not its potential to increase in value, over time.”
Laws change over time and vary by jurisdiction
The Legacy Finance world has Debt and Equity. The Blockchain Economy has Utility and Security Tokens. You can tokenise Debt (just like you can tokenise Equity or any other asset) but that does not change the fundamental characteristic of that asset.
See: The Security Token Field – The Next Step After the ICO Annihilation?
Debt is illegal in Islamic Finance (for more please read this). There are workarounds that dress up debt to look like equity, just like there are workarounds that ICOs used to dress up a security to make it look like a utility token. This perspective is useful when you look at the legality of Security vs Utility tokens ie laws change over time and vary by jurisdiction.
Four reasons why other jurisdictions will probably follow the SEC rules
Yes, the SEC only has jurisdiction over one market – America, but here are the four reasons why other jurisdictions will probably follow the SEC rules:
- America is still the biggest single market.
- SEC is known as a tough regulator that is not afraid to take cross border action.
- SEC has defined some clear rules. So entrepreneurs can plan around these rules.
- There is no single regulatory market in Asia, which is the growth engine of the 21st century.
There will be minor markets that differentiate by being easier on Utility Tokens, but unless they also offer a large investor pool, that will be “noise on the line”. Europe’s legislation/regulation will be interesting to watch. Unless Europe takes a differentiated position soon, the market will follow the SEC rules.
Utility Tokens can be used to improve CAC/LTV, which is a critical metric driving valuation
CAC/LTV = Customer Acquisition Cost/Life Time Value.
You can use this to evaluate the value of both Banks and Fintechs, as we described in this post from 2015. In fact just about any company can be evaluated using CAC/LTV.
Both CAC and LTV are complex in their own right, but it is the interaction between the two that is so often confusing or difficult.
Customer Acquisition Cost (CAC) is the metric to evaluate Marketing efficiency.
See: TokenFunder announces Canada’s first Security Token Exempt Market Dealer
Churn is the kryptonite of Superman Marketing. The problem with Churn it is not directly under the control of Marketing. This is where Product is key. Another way of saying Churn is “if customers think the product sucks, all that expensive Marketing is wasted”. Churn means customers cancel the service and then Marketing have to win new customers, which is far more expensive than retaining them.
Life Time Value is not static. LTV is all about getting the balance right between cross selling, upselling and low churn – too much selling to customers may increase churn. If LTV goes down, you have to reduce CAC. Product strategy, pricing, marketing, customer service all have to be in alignment.
The story of Banking in the 20th century can be summed up as Low Churn. We are statistically more likely to get divorced than change banks. There was no point in changing Banks, because the difference between banks was marginal. The Fintech disruption changes that. Now customers have more real choice and regulation is seeking to protect consumers from lock-in strategies that make it hard for them to switch.
Crowdsales are a great way for companies to sell a service aka reduce CAC. It is Internet Marketing 101. Crowdsales have been around for a while, but Utility Tokens enable Crowdsales on steroids.
Two ways that a Utility Token is different from a traditional crowdsale.
- The buyer has the comfort that if they no longer want to use the service they can sell their Utility Tokens. If everybody wants to sell their Utility Tokens because their service is no good, token holders will lose. If the service is great but the token holder’s life situation changes they can sell their Utility Tokens.
- The buyer feels more committed to the success of the venture. Some of that commitment is psychological and some of it is quite practical. A Utility Token is like a Loyalty Coin (more than it is like a Security) but it is a Loyalty Coin with some fungibility (you can sell it for cash if the venture/service is a success and demand exceeds supply).
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
 |  |  |
Support NCFA by Following us on Twitter!Follow @NCFACanada  |
The Defiant | Owen Fernau | Sep 22, 2022 Agency Alleges Ooki DAO Offered Derivatives Without a License In a case that has roiled the crypto community and triggered a dissent from one its own officials, the U.S. Commodity Futures Trading Commission (CFTC) brought an enforcement action yesterday that challenges fundamental tenets of decentralized finance. On Sept. 22, the regulator alleged in a lawsuit that a DAO called Ooki DAO engaged in activities that only regulated entities called futures commission merchants (FCM) can perform. The DAO illegally offered leveraged and marginal retail commodity transactions in digital assets, which are derivatives, and agreed to pay a $250,000 penalty, the CFTC said. The commission also named the venture’s founders, Tom Bean and Kyle Kistner, in the suit. See: New U.S. Bill Gives Crypto Oversight to the CFTC The CFTC’s actions suggest that calling an entity a DAO, or invoking token-based voting as part of an organization’s decision-making process, doesn’t necessarily protect that entity from the legal responsibilities of a traditionally regulated institution. CFTC Commissioner Summer Mersinger - broke rank with her five fellow commissioners and said: The action wasn’t supported by the Commodity Exchange Act, the law that regulates derivatives inssuance, and amounted ...
Read More
FrontFundr Launches Its Own Fundraising Campaign to Raise Up to $5M | Open to the Public Until Nov 4
Betakit | Josh Scott | Sep 21, 2022 FrontFundr has launched its own fundraising campaign on FrontFundr, which the company said will remain open to the public until November 4. Toronto-based FrontFundr has announced that it has helped startups raise over $140 million across more than 100 fundraising campaigns using its equity crowdfunding platform. Since Canadian regulators introduced harmonized crowdfunding rules across Canada, making equity crowdfunding more accessible, Van Hoeken has seen its popularity rise, especially as broader economic conditions have worsened. So far, FrontFundr has raised a total of $7.3 million CAD from over 900 investors. The company aims to raise another $2.5 million to $5 million through its latest offering to support its product development plans and boost its sales. To date, FrontFundr has built a community of more than 30,000 users. The startup’s platform has helped Canadian tech startups like Manzil, Caary, and FrontFundr itself raise capital. Van Hoeken also sees a future where FrontFundr can help more public companies raise money using its platform. Over the longer-term, FrontFundr has ambitions to “spread [its] wings” across North America and into the United States. See: Fintech Fridays EP57: 10 Years of Investment Crowdfunding: Past, Present & Future Since ...
Read More
Coinsmart | Release | Sep 22, 2022 TORONTO, Sept. 22, 2022 /CNW/ - CoinSmart Financial Inc. ("CoinSmart" or the "Company") (NEO: SMRT) (FSE: IIR), announced today that it has entered into a definitive agreement dated September 22, 2022 (the "Purchase Agreement") with Coinsquare Ltd. ("Coinsquare"), a leading Canadian crypto asset trading platform, pursuant to which CoinSmart has agreed to sell to Coinsquare all of the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. ("Simply Digital") (the "Transaction"). The acquisition and integration of these two businesses will establish Coinsquare as one of Canada's largest crypto asset trading platforms with a diversified and compliant offering across various business lines, including both retail and institutional trading, crypto payment processing, and digital asset custody. CoinSmart will hold approximately 12% ownership in Coinsquare on a pro-forma basis. The combined company has transacted over $10 billion since January 2018, and will have over $350 million in assets under custody with a combined user base in excess of 1 million. See: FINTECH FRIDAY$ (EP23-Feb 1): Getting Smart About Crypto and Insurtech Snapchat Models – Interview with Justin Hartzman, Co-founder and CEO of Coinsmart Crypto Exchange CoinSmart Co-Founders Justin Hartzman, Jeremy Koven, and ...
Read More
For Bitvo by Tristram Waye | Sep 22, 2022 Power of expectations and some broad elements that may impact your trading The deeper you get into the trading arena, the more you will notice the power of expectations. Expectations shape pricing and the moves in response to news and events. They shape how market participants reflexively respond and reposition which further influences prices and policies. And that means that expectations affect your trading decisions. The Fed and the economic data: We will be focused on the US because the Federal Reserve can be considered the world’s central bank. These reports give some insight into the economic conditions taking place. Some of these have a lag. Others are more recent. And there are other reports that give more granular insights into business conditions and numerous other metrics. See: Should You Be Hedging Your Crypto Trading? These data points have varying relevance and importance based on circumstances in the real world. So one data point might be a focal point in one period and of little relevance in another. And, of course, there are seasonal trends in many data points. Right now, there is a focus on inflation. Inflation management falls to ...
Read More
NfX | Pete Flint | Sep 2022 Affordability issues breeding innovation: Real estate has always been more than just the largest asset class in the world. It is the embodiment of home and work, family and business – the opportunity of generational wealth, writ large. The American dream. One that has become increasingly out of reach to most Americans. Paths to ownership of real estate are expanding. What “ownership” even means is also expanding. Affordability and access to traditional home ownership has only eroded since the housing bubble in 2008, as lending standards tightened and home prices have soared in recent years. And yet, restriction breeds innovation and market changes create opportunity. From the front lines with proptech Founders, we’re seeing early signs of a real estate revolution. See: Vancouver Proptech Startup addy Launches Canada’s First Crowdfunded Real Estate Investing App Real Estate 1.0: The Information Revolution: The first phase of tech adoption in the home-buying process was Real Estate 1.0, an information revolution enabled by the internet. The problem was the lack of information about one of the most important financial decisions a person can make: buying or selling a home. Real Estate 2.0: The Transaction Revolution: Streamlining the ...
Read More
TechCrunch | Carly Page | Sep 20, 2022 Fintech startup Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. Response: Revolut spokesperson Michael Bodansky told TechCrunch: an “unauthorized third party obtained access to the details of a small percentage (0.16%) of our customers for a short period of time.” Revolut discovered the malicious access late on September 11 and isolated the attack by the following morning. We immediately identified and isolated the attack to effectively limit its impact and have contacted those customers affected. Customers who have not received an email have not been impacted." See: Revolut executive resigns amid growing tensions with the FCA over banking license In a message sent to affected customers posted to Reddit, the company said that “no card details, PINs or passwords were accessed.” However, the breach disclosure states that hackers likely accessed partial card payment data, along with customers’ names, addresses, email addresses and phone numbers. How many customers: first spotted by Bleeping Computer, the company says 50,150 customers were impacted by the breach, including 20,687 customers in the European Economic Area and 379 Lithuanian citizens. How did ...
Read More
Bain & Company | Matt Harris, Adam Davis, Blake Adams, and Jeff Tijssen | Sep 12, 2022 A completely new proposition for financial services customers Research Overview: We set out to quantify the size, growth profile, and economics of the key offerings powering the rise of embedded finance, focusing on the US market. Consisting of over 50 interviews with industry practitioners, market experts, and analysts, as well as a synthesis of published data, this research also draws on our collective experience working with software platforms, enabling firms, and license and regulatory services providers. See: Canadien blooming. The fertile “Valley” for finance innovation FLOW: OB, CAN Trends, Beyond OB: BaaS + Embedded Finance, tunl The rise of embedded finance marks a new era, not only for banking transactions but also for how consumers and businesses build and manage relationships with financial services more broadly. In 2019, we wrote about the burgeoning movement of fintech from a business model unto itself to a key ingredient in the software platform stack—the “fourth platform.” Customers benefit from contextual, seamless experiences; platforms can unlock new use cases and often use proprietary customer data to improve financial access, while reducing costs for their end customers. We ...
Read More
Guest Post | Sep 21, 2022 Bitcoin Short History Bitcoin was created in 2009 as a safe haven from government oversight. It was a developer’s response to the housing crash of 2008, using his knowledge of economics and cryptography. Although there are thousands of coins in the cryptocurrency market, Bitcoin has retained its significance in cross-border payment and is even made better with competition for the lowest fee bitcoin exchange. Thankfully, there are more advanced ways of profiting off the volatility of Bitcoin beyond the common buy-hold-sell strategy. Bitcoin options trading is one of these advanced methods. Are There Options on Bitcoin? Yes. Traders can buy options contracts to speculate on the future price of Bitcoin. For buyers, options offer a way to hedge their long positions and enjoy leverage at a capped loss. In contrast, options writers get to enjoy the flexibility and keep the premium if the options expire worthlessly. Bitcoin Call Options When you believe the price of Bitcoin will increase past a certain level, you can buy a call option. Your option will be exercised if Bitcoin increases past the price on/before the closing date. If, however, the price of Bitcoin does not touch your presumed ...
Read More
Investment Executive | Melissa Shin | Sep 19, 2022 As the country prepares to mark the second National Day for Truth and Reconciliation, Indigenous communities are calling on Canada’s capital markets to support the rebuilding of Indigenous economies. In June, more than 20 Indigenous organizations released the National Indigenous Economic Strategy, which contains immediate actions industry, governments and institutions can take to support Indigenous prosperity. The strategy argues that Indigenous prosperity is tied to Canada’s prosperity, citing 2016 research from the National Indigenous Economic Development Board that found economic marginalization of Indigenous peoples costs the economy $27.7 billion each year, or 1.5% of GDP. Actions specific to the financial services industry include mandating the disclosure of Indigenous procurement and requiring that publicly traded companies report on Indigenous employment and contracting. Mark Sevestre, founding member and senior advisor to the National Aboriginal Trust Officers Association (NATOA), said institutional investors — Indigenous and non-Indigenous alike — also are demanding that companies improve their relationships with Indigenous communities. NATOA advised on the Indigenous economic strategy. Video: OneFeather - Redefining the Indigenous Experience through Innovation and Tradition In June 2021, a bill stating that all Canadian law must be consistent with the United Nations ...
Read More
Sep 20, 2022 Recent timeshave been exceptionally difficult for self-employed people. According to Forbes, who have profiled a recent research report, a staggering 92% of small business owners have experienced mental health problems over the past two years. Of this, 40% believe that their mental health recovery will take significantly longer than any potential financial recovery due to the downturn. This is an extremely worrying trend and one that has a financial and, more importantly, a human cost. For entrepreneurs, it can be hard to disengage and take a new perspective of their wellbeing; but doing so can be crucial in maintaining long-term physical - and financial - health. Getting ahead of issues Stress is often identified by entrepreneurs from a sense of trepidation when confronting key issues. Therefore, the most important early strategy to prevent burnout is to tackle any situation that might create a trigger for worsening mental health. For small business owners, one of the most common sources of stress is legal negotiations. Whether through negotiating a contract with suppliers or navigating the world of compliance, legal considerations have the potential to create huge time constraints and inflict financial damage - making them a primary source of stress. The most important way ...
Read More
The Defiant | Owen Fernau | Sep 22, 2022 Agency Alleges Ooki DAO Offered Derivatives Without a License In a case that has roiled the crypto community and triggered a dissent from one its own officials, the U.S. Commodity Futures Trading Commission (CFTC) brought an enforcement action yesterday that challenges fundamental tenets of decentralized finance. On Sept. 22, the regulator alleged in a lawsuit that a DAO called Ooki DAO engaged in activities that only regulated entities called futures commission merchants (FCM) can perform. The DAO illegally offered leveraged and marginal retail commodity transactions in digital assets, which are derivatives, and agreed to pay a $250,000 penalty, the CFTC said. The commission also named the venture’s founders, Tom Bean and Kyle Kistner, in the suit. See: New U.S. Bill Gives Crypto Oversight to the CFTC The CFTC’s actions suggest that calling an entity a DAO, or invoking token-based voting as part of an organization’s decision-making process, doesn’t necessarily protect that entity from the legal responsibilities of a traditionally regulated institution. CFTC Commissioner Summer Mersinger - broke rank with her five fellow commissioners and said: The action wasn’t supported by the Commodity Exchange Act, the law that regulates derivatives inssuance, and amounted ...
Read More
Read More
FrontFundr Launches Its Own Fundraising Campaign to Raise Up to $5M | Open to the Public Until Nov 4
Betakit | Josh Scott | Sep 21, 2022 FrontFundr has launched its own fundraising campaign on FrontFundr, which the company said will remain open to the public until November 4. Toronto-based FrontFundr has announced that it has helped startups raise over $140 million across more than 100 fundraising campaigns using its equity crowdfunding platform. Since Canadian regulators introduced harmonized crowdfunding rules across Canada, making equity crowdfunding more accessible, Van Hoeken has seen its popularity rise, especially as broader economic conditions have worsened. So far, FrontFundr has raised a total of $7.3 million CAD from over 900 investors. The company aims to raise another $2.5 million to $5 million through its latest offering to support its product development plans and boost its sales. To date, FrontFundr has built a community of more than 30,000 users. The startup’s platform has helped Canadian tech startups like Manzil, Caary, and FrontFundr itself raise capital. Van Hoeken also sees a future where FrontFundr can help more public companies raise money using its platform. Over the longer-term, FrontFundr has ambitions to “spread [its] wings” across North America and into the United States. See: Fintech Fridays EP57: 10 Years of Investment Crowdfunding: Past, Present & Future Since ...
Read More
Read More
Coinsmart | Release | Sep 22, 2022 TORONTO, Sept. 22, 2022 /CNW/ - CoinSmart Financial Inc. ("CoinSmart" or the "Company") (NEO: SMRT) (FSE: IIR), announced today that it has entered into a definitive agreement dated September 22, 2022 (the "Purchase Agreement") with Coinsquare Ltd. ("Coinsquare"), a leading Canadian crypto asset trading platform, pursuant to which CoinSmart has agreed to sell to Coinsquare all of the issued and outstanding shares of its wholly-owned operating subsidiary Simply Digital Technologies Inc. ("Simply Digital") (the "Transaction"). The acquisition and integration of these two businesses will establish Coinsquare as one of Canada's largest crypto asset trading platforms with a diversified and compliant offering across various business lines, including both retail and institutional trading, crypto payment processing, and digital asset custody. CoinSmart will hold approximately 12% ownership in Coinsquare on a pro-forma basis. The combined company has transacted over $10 billion since January 2018, and will have over $350 million in assets under custody with a combined user base in excess of 1 million. See: FINTECH FRIDAY$ (EP23-Feb 1): Getting Smart About Crypto and Insurtech Snapchat Models – Interview with Justin Hartzman, Co-founder and CEO of Coinsmart Crypto Exchange CoinSmart Co-Founders Justin Hartzman, Jeremy Koven, and ...
Read More
Read More
For Bitvo by Tristram Waye | Sep 22, 2022 Power of expectations and some broad elements that may impact your trading The deeper you get into the trading arena, the more you will notice the power of expectations. Expectations shape pricing and the moves in response to news and events. They shape how market participants reflexively respond and reposition which further influences prices and policies. And that means that expectations affect your trading decisions. The Fed and the economic data: We will be focused on the US because the Federal Reserve can be considered the world’s central bank. These reports give some insight into the economic conditions taking place. Some of these have a lag. Others are more recent. And there are other reports that give more granular insights into business conditions and numerous other metrics. See: Should You Be Hedging Your Crypto Trading? These data points have varying relevance and importance based on circumstances in the real world. So one data point might be a focal point in one period and of little relevance in another. And, of course, there are seasonal trends in many data points. Right now, there is a focus on inflation. Inflation management falls to ...
Read More
Read More
NfX | Pete Flint | Sep 2022 Affordability issues breeding innovation: Real estate has always been more than just the largest asset class in the world. It is the embodiment of home and work, family and business – the opportunity of generational wealth, writ large. The American dream. One that has become increasingly out of reach to most Americans. Paths to ownership of real estate are expanding. What “ownership” even means is also expanding. Affordability and access to traditional home ownership has only eroded since the housing bubble in 2008, as lending standards tightened and home prices have soared in recent years. And yet, restriction breeds innovation and market changes create opportunity. From the front lines with proptech Founders, we’re seeing early signs of a real estate revolution. See: Vancouver Proptech Startup addy Launches Canada’s First Crowdfunded Real Estate Investing App Real Estate 1.0: The Information Revolution: The first phase of tech adoption in the home-buying process was Real Estate 1.0, an information revolution enabled by the internet. The problem was the lack of information about one of the most important financial decisions a person can make: buying or selling a home. Real Estate 2.0: The Transaction Revolution: Streamlining the ...
Read More
Read More
TechCrunch | Carly Page | Sep 20, 2022 Fintech startup Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. Response: Revolut spokesperson Michael Bodansky told TechCrunch: an “unauthorized third party obtained access to the details of a small percentage (0.16%) of our customers for a short period of time.” Revolut discovered the malicious access late on September 11 and isolated the attack by the following morning. We immediately identified and isolated the attack to effectively limit its impact and have contacted those customers affected. Customers who have not received an email have not been impacted." See: Revolut executive resigns amid growing tensions with the FCA over banking license In a message sent to affected customers posted to Reddit, the company said that “no card details, PINs or passwords were accessed.” However, the breach disclosure states that hackers likely accessed partial card payment data, along with customers’ names, addresses, email addresses and phone numbers. How many customers: first spotted by Bleeping Computer, the company says 50,150 customers were impacted by the breach, including 20,687 customers in the European Economic Area and 379 Lithuanian citizens. How did ...
Read More
Read More
Bain & Company | Matt Harris, Adam Davis, Blake Adams, and Jeff Tijssen | Sep 12, 2022 A completely new proposition for financial services customers Research Overview: We set out to quantify the size, growth profile, and economics of the key offerings powering the rise of embedded finance, focusing on the US market. Consisting of over 50 interviews with industry practitioners, market experts, and analysts, as well as a synthesis of published data, this research also draws on our collective experience working with software platforms, enabling firms, and license and regulatory services providers. See: Canadien blooming. The fertile “Valley” for finance innovation FLOW: OB, CAN Trends, Beyond OB: BaaS + Embedded Finance, tunl The rise of embedded finance marks a new era, not only for banking transactions but also for how consumers and businesses build and manage relationships with financial services more broadly. In 2019, we wrote about the burgeoning movement of fintech from a business model unto itself to a key ingredient in the software platform stack—the “fourth platform.” Customers benefit from contextual, seamless experiences; platforms can unlock new use cases and often use proprietary customer data to improve financial access, while reducing costs for their end customers. We ...
Read More
Read More
Guest Post | Sep 21, 2022 Bitcoin Short History Bitcoin was created in 2009 as a safe haven from government oversight. It was a developer’s response to the housing crash of 2008, using his knowledge of economics and cryptography. Although there are thousands of coins in the cryptocurrency market, Bitcoin has retained its significance in cross-border payment and is even made better with competition for the lowest fee bitcoin exchange. Thankfully, there are more advanced ways of profiting off the volatility of Bitcoin beyond the common buy-hold-sell strategy. Bitcoin options trading is one of these advanced methods. Are There Options on Bitcoin? Yes. Traders can buy options contracts to speculate on the future price of Bitcoin. For buyers, options offer a way to hedge their long positions and enjoy leverage at a capped loss. In contrast, options writers get to enjoy the flexibility and keep the premium if the options expire worthlessly. Bitcoin Call Options When you believe the price of Bitcoin will increase past a certain level, you can buy a call option. Your option will be exercised if Bitcoin increases past the price on/before the closing date. If, however, the price of Bitcoin does not touch your presumed ...
Read More
Read More
Investment Executive | Melissa Shin | Sep 19, 2022 As the country prepares to mark the second National Day for Truth and Reconciliation, Indigenous communities are calling on Canada’s capital markets to support the rebuilding of Indigenous economies. In June, more than 20 Indigenous organizations released the National Indigenous Economic Strategy, which contains immediate actions industry, governments and institutions can take to support Indigenous prosperity. The strategy argues that Indigenous prosperity is tied to Canada’s prosperity, citing 2016 research from the National Indigenous Economic Development Board that found economic marginalization of Indigenous peoples costs the economy $27.7 billion each year, or 1.5% of GDP. Actions specific to the financial services industry include mandating the disclosure of Indigenous procurement and requiring that publicly traded companies report on Indigenous employment and contracting. Mark Sevestre, founding member and senior advisor to the National Aboriginal Trust Officers Association (NATOA), said institutional investors — Indigenous and non-Indigenous alike — also are demanding that companies improve their relationships with Indigenous communities. NATOA advised on the Indigenous economic strategy. Video: OneFeather - Redefining the Indigenous Experience through Innovation and Tradition In June 2021, a bill stating that all Canadian law must be consistent with the United Nations ...
Read More
Read More
Sep 20, 2022 Recent timeshave been exceptionally difficult for self-employed people. According to Forbes, who have profiled a recent research report, a staggering 92% of small business owners have experienced mental health problems over the past two years. Of this, 40% believe that their mental health recovery will take significantly longer than any potential financial recovery due to the downturn. This is an extremely worrying trend and one that has a financial and, more importantly, a human cost. For entrepreneurs, it can be hard to disengage and take a new perspective of their wellbeing; but doing so can be crucial in maintaining long-term physical - and financial - health. Getting ahead of issues Stress is often identified by entrepreneurs from a sense of trepidation when confronting key issues. Therefore, the most important early strategy to prevent burnout is to tackle any situation that might create a trigger for worsening mental health. For small business owners, one of the most common sources of stress is legal negotiations. Whether through negotiating a contract with suppliers or navigating the world of compliance, legal considerations have the potential to create huge time constraints and inflict financial damage - making them a primary source of stress. The most important way ...
Read More
Read More
Related Posts
Fintech Trends for 2015: Investing Services, Anti-Social Trading, and Digital Crowdfunding
Canadian securities regulators provide additional guidance on securities law implications for offerings of tokens
SEC Launches Fintech Hub To Engage With Cryptocurrency Startups And More
Don Tapscott urges ‘sensible’ cryptocurrency regulations
Indiegogo quietly canceled its first ICO after raising $5.2 million
The era of security tokens has begun
Leave a Reply