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How Regulation and Talent are Pushing Europe to the Top of Global ICO Map

  By David Drake   The number of cryptocurrencies being issued each month keeps growing. However, countries where these digital assets are being issued can choose to either regulate them, leave the industry unregulated, or ban them altogether. In countries like China, the government has opted for a complete ban of cryptocurrency trading activities while in the US, the industry is largely unregulated. But things seem to be different in Europe. In a country like France, the government is striking middle ground and is considering regulating the industry. In so doing, France is on its way to rank among the first major economies to regulate initial coin offerings (ICOs). ICO Success This approach to ICOs has seen Europe rise rapidly to become a global hub for cryptocurrencies with high amounts of funding streaming into cryptocurrency projects. This year alone, cumulative ICO financing stands at approximately $4.1 billion in Europe. This ... Read More »

What Factors are Driving ICO Financing in the European Market?

  By David Drake   Across the globe, interest in cryptocurrencies has been on the rise. Europe, especially, is quickly developing into a hub for cryptocurrencies with a substantial amount of money being invested in the industry through initial coin offerings (ICOs). This year alone, the amount raised through the sale of tokens in Europe has almost surpassed that of Asia and U.S combined. Fundraising though European ICOs is estimated to have hit the $4.1 billion, nearly twice the $2.3 billion raised in Asia, and considerably more than the $2.6 billion in the U.S market this year. The probable reasons leading to Europe’s huge interest in ICOs include progressive regulations, economic independence and the rising development among others. The Gaps The absence of clear regulations to guide the cryptocurrency industry is among the key factors that hinder the growth for ICOs in Asia and the U.S. The outright ban of ... Read More »

2 Effective Tactics Europe is Using to Increase ICO Investment in the Region

  By David Drake   Initial Coin Offerings (ICOs) have taken off as the prefered way for raising project funds for cryptocurrency related startups compared to the red-taped, costly Initial Public Offerings (IPOs). Token sales in the first nine months of the year have hit the $12.3 billion mark, doubling the amount raised during the whole of 2017. With the increased funding, the race is on as countries aim to develop their own digital asset economies. An emerging region that has been leading in this industry is Europe. According to a report dubbed ‘State of the Token Market’ released  last week by Fabric Ventures, approximately $4.1 billion has been raised through ICOs in the region. This amount is quite high compared to the $2.3 billion and $ 2.6 billion raised in Asia and the United States, respectively. So, what factors could be could be boosting ICO investments in Europe: 1.  ... Read More »

Matthew Mellon, Billionaire Banking Heir Leaves a Crypto Legacy

  by David Drake Banking heir and cryptocurrency bigwig billionaire, Matthew Mellon, passed away on April 16th, in Mexico. The cryptocurrency landscape will never be the same again with his passing. When the industry was just starting and investors were hard to get, he invested $2 million in cryptocurrencies. That investment move encouraged other investors to follow suit, and brought him $1 billion in profits. My family office continues to work with his family and bank. We deeply mourn his demise,  and feel the impact in a big way. As we reflect the role that Mellon played in the cryptocurrency space, colleagues in the industry identify various contributions that he made to the industry. Here are 3 reasons why he will forever be an icon in the cryptocurrency market: Crypto Mainstreaming The confidence with which Matthew Mellon approached the cryptocurrency industry paved the way for adoption and possible mainstreaming across ... Read More »

Top 3 Ways Matt Mellon Contributed to the Cryptocurrency Market

by David Drake Early this week, news that Matt Mellon had passed on shocked everyone in the cryptocurrency world. Mellon, a billionaire banking heir, is not new to cryptocurrency players because he was one of the early investors who reaped big when the market performed really well in 2017. He is known to have made a $2 million investment into cryptocurrencies from which he made a $1 billion in revenue. Though he is gone, Mellon has certainly left an indelible mark in the cryptocurrency industry. Significant Contribution A few years ago, when Mellon decided to backup Ripple, many people thought he had lost his mind. At the time, the technology behind Ripple had not been tested nor proven and it appeared to have no immediate competitors, similar to Western Union. As a result of taking the risk to invest in cryptocurrencies at a very early stage, many players in this ... Read More »

Will New Guidelines Bolster Family Offices? Or Become Their Kryptonite?

Will New Guidelines Bolster Family Offices? Or Become Their Kryptonite?

By David Drake In the past few years, several changes have been made in the family office regulatory environment. Family offices that were not registered with the US Securities and Exchange Commission (SEC) in 2011 had to reassess their acquiescence with the latter’s regulations, which restricted family offices qualifying for exemption of the Registered Investment Advisors. The Final Rule 275.202 (a)(11)(G)-1, that came to effect on 22 June 2011, outlined the family offices excused from registration requirements contained in the Investment Advisers Act of 1940, and amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act -“Dodd-Frank Act” in July of 2010. As Registered Investment Advisers, family offices are subject to SEC’s oversight, and are expected to observe SEC’s regulations and reporting requirements with regard to annual disclosures, compliance programs, record keeping, solicitation agreements, plus marketing and advertising. “This is important because investors are looking for a well-grounded, long-term ... Read More »

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