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Decentralised network ICON has announced an integration with ozys’ Orbit Bridge, allowing Ethereum-based digital assets to be transferred onto the ICON Network.
Orbit Bridge is a decentralised Inter-Blockchain Communication (IBC) platform. Its interoperability protocol will help ICON expand its DeFi capabilities by connecting it to other top blockchains and their applications.
This integration brings more value to the ICON Network, specifically its DeFi ecosystem, by bridging assets between different blockchains and bringing more economic activity to the ICON Network. Traders can now take advantage of arbitrage opportunities, and DeFi projects built on ICON can now enable borrowing and lending of
By George Teixeira, Tax Leader, Financial Services Practice, Anchin – As we publish our annual year-end tax planning alert, we are frequently reminded that 2020 is no ordinary year. What began as a normal filing season was extended to July 15, 2020, and came with other ramifications of the Covid-19 pandemic – quarantine in place, working from home, CARES Act, social and economic turmoil as well as a still-unsettled election and political environment.
The Tax Cuts and Jobs Act of 2017 (TCJA) made sweeping changes to income taxation, estate and gift taxation and international taxation. Since enactment, the Internal Revenue
The passage of the Digital Assets and Registered Exchanges Bill, 2020 (DARE) has put in place the legal framework for a vital, well-regulated and compliant industry in The Bahamas for those interested in entering the digital asset space.
Read the full story at Institutional Asset Manager…
The hedge fund industry reversed two consecutive months of losses in November, returning 5.54 per cent for the month, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions.
By comparison, the S&P 500 Total Return Index was up 10.9 per cent for November.
For the year-to-date, the hedge fund industry was up 7.21 per cent through November. The S&P 500 Total Return Index gained 14.02 per cent over the same period.
All but one sector tracked by the Barclay Hedge Fund Indices was in positive territory for November.
“Though Covis-19 cases continued to mount,
CME Group is to launch ether futures starting 8 February, 2021, pending regulatory review.
Elrond’s eGold (EGLD) cryptocurrency, will debut in the eToro ecosystem on Wednesday the 23 December, when it will become available on the eToroX cryptocurrency exchange.
eToro is a rapidly growing global USD2.5 billion unicorn that offers digital asset management services to 15 million users trading stocks, commodities, forex, and cryptocurrency markets. eToroX is eToro’s professional crypto exchange, conceived and produced for the corporate and institutional-grade crypto trading community. eToroX is a highly effective, trusted and secure crypto trading solution.
Elrond had earlier announced the launch of Maiar, its digital wallet and global payments app, scheduled for 31 January. With these
Major broker-dealers support the adoption of the SBAI Alternative Risk Premia DDQ for Broker-Dealer Products. The DDQ assists institutional investors and investment managers in their due diligence of broker-dealers through a standardised set of questions.
The firms who support the SBAI Alternative Risk Premia DDQ for Broker-Dealer Products include: Barclays, BNP Paribas, CIBC, Citi, Goldman Sachs, JP Morgan, Macquarie Group, Morgan Stanley, and UBS .
The SBAI’s Alternative Risk Premia Working Group developed the DDQ with the aim of promoting both transparency and a way to compare consistently broker-dealer products. Input was also sought from the broker-dealer
By Elliot Refson, Director of Funds, Jersey Finance – As global markets continue to grapple with extreme uncertainty, with the ongoing fallout of Covid-19 and the impact of Brexit becoming a reality, Jersey’s funds industry finds itself in a strong position – well prepared to support investors and guide them through unchartered waters in the short-term and with the right ingredients to help them achieve their long-term ambitions too.
Jersey finished 2019 in bullish mood, with total fund assets rising to a new record high last year of more than GBP345 billion, with private equity in particular performing strongly, rising by almost a fifth.
Interview with Simon Hopwood, Maples Group – The Covid-19 pandemic has caused a devastating impact on human life and health, and the global economy. As a consequence, the funds industry has faced unprecedented challenges, as it continues to navigate through unchartered waters.
Despite this, the Jersey funds industry has remained resilient with net assets under administration up 5.7 per cent(1) year on year standing at GBP361.7 billion(2) with alternative investment funds representing 87 per cent(3). Noticeably, private equity was up 19 per cent year on year(4) and managers using Jersey to market funds into the EU increased by 9 per cent
Ashley Le Feuvre (pictured), VG, considers the key trends currently driving growth and development within Jersey’s funds industry…
