Personal Taxation – Investments in Cryptocurrencies
The HMRC recently published a new policy paper termed “Cryptoassets for Individuals” This is in line with our paper on Personal Taxation – Investments in Cryptocurrencies reproduced below: The guidance identifies three possible treatments for profits on cryptocurrencies: 1. Trading profits which will be subject to income tax; 2. Highly speculative transactions which are treated […]
Stablecoins – Why They Are Becoming Important
Cryptocurrencies have been immensely volatile since they were launched. Although Bitcoin’s volatility has reduced in comparison to early years, it remains high enough to not replace any of the traditional fiat currencies that exist today. Volatility is hindering cryptocurrencies’ ability to become established as a unit of account and medium of exchange. A potential solution […]
Accounting for Cryptocurrencies
Original article has been written by Tony De Nazareth, CEO and Director of Crowd for Angels who is a Fellow of the Institute of Chartered Accountants in England and Wales, and an Associate Member of the Association of Corporate Treasurers. There has been little or no information on the accounting treatment of cryptocurrencies or Initial […]
Investor Note: Post ICO Crowd for Angels
Thank you to those who took part in the Crowd for Angels (CfA) Initial Coin Offering ICO and the simultaneous Liquid Crypto Bond offering. The ICO was completed on March 31st, 2018 and the tokens listed on 12th April. This was a remarkable turnaround. The Bond Offer continues on the Crowd for Angels platform on […]
Reduce the risks of ICO investing with asset backed crypto
While Initial Coin Offerings (ICOs) and cryptocurrencies remain the talk of the investment world, many investors remain cautious about getting involved. As the Financial Conduct Authority warned last year, like cryptocurrencies in general, the value of tokens may be extremely volatile, and could even go to zero. The problem with cryptocurrencies is that many of […]
Is Investing in Cryptocurrencies no more than Gambling?
As Bitcoin passed through the $10,000 barrier this week, then $11,500 within hours, before going back down to $9,300 just as quickly, some market commentators have been asking if putting money into cryptocurrencies is more like gambling than investing. At first glance, gambling and investing do share some similar characteristics. If we consider gambling to […]
Overcoming the ICO Trust Issue
Given the stellar performance of Bitcoin and other cryptocurrencies over the past few months and years, and the publicity created around them, ICOs (Initial Coin Offerings) are being seen by many as a potential way of making fast and large returns. But with this area of the market being largely unregulated it’s no surprise that […]
Investor’s Guide to Cryptocurrencies
Interested in learning more about Cryptocurrencies as an alternative investment? Then read our guide below. You can download the full guide here: https://crowdforangels.com/pdf/The-Investors-Guide-to-Cryptocurrencies.pdf
What is an Initial Coin Offering (ICO)?
UPDATED – 30th October 2018 Investment website Investopedia defines an Initial Coin Offering (also known as an ICO) as, “an unregulated means by which funds are raised for a new cryptocurrency venture”. Since the first one was completed in early 2013 by asset platform Mastercoin (now known as Omni) they have become an increasingly popular and […]
Cryptocurrencies – the future of money?
One of the buzzwords of the moment amongst investors and fintech specialists is “cryptocurrency”, a new form of money which has seen recently soaring demand and new types created on a weekly basis. But what exactly is a cryptocurrency and how do they work? What is cryptocurrency? Cryptocurrency is a form of money. Just like […]
