#dailydoug Cryptocurrencies, fraud, terror, #ai trading, Brickblock and whatever else you need to know in #finance today

A few posts back I talked about grappling with your conscience if you were to buy into a dodgy currency like potcoin. 

In retrospect this seems like a kidstuff compared to what you need to think about when you look at what Singapore’s financial regulatory body and central bank, the Monetary Authority of Singapore (MAS) is warning. In a recent release they advise that altcoin ICOs are “vulnerarle to money laundering and terrorist financing risks due to the anonymous nature of the transactions, and the ease with which large sums of monies may be raise in a short period of time.”

Something to bear in mind given the incredible numbers of new silver bullet altcoins being released each week. Check out the full release here.

http://www.mas.gov.sg/News-and-Publications/Media-Releases/2017/MAS-clarifies-regulatory-position-on-the-offer-of-digital-tokens-in-Singapore.aspx

And while you’re at it: Their American friends in the U.S. Securities and Exchange Commission (SEC) is saying something very close with their own set of  guidelines.

Swing over to their website for investors to consider before participating in token sales. SEC wants potential buyers going into alcoin investments to think about whethe they are going into  fraudolent investment schemes.

 https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings

Worth checking out if financing terrorism or money laundering through cryptocurrencies is a concern. As well it should be. 

More AI and robots coming to trading

That’s what the words is from JP Morgan that will use an artificial intelligence tool that takes account of billions of past trades good and bad to come up with sort of best exec tool for clients.

The system. Allied LOXM has been up and running since Q1 with greater returns than their human counterparts. For JPMorgan that’s good enough to be targeting a Q4 as a live Rollout for its AI Equities Utility. 

JP Morgan is hardly the first into the AI trading race, still this news comes with its own merits in so much as LOXM will be one of the first to attempt  much higher efficiency over existing buying and selling techniques in a live trading field.

Surprising how little coverage some technology gets

That’s what came into my tech mind a few weeks back when the whole Microsoft Paint saga played out in front of me. Thanks to a bunch of nostalgia nerds and a pretty weak marketing department after some cheap PR and easy kudos, decided to let Paint keep on living well beyond its natural end of life date. What stood out was the baffling amount of hoo haa generated over a 30 year old software while all the other technical prowess and products routinely produced by Microsoft are overlooked. 

And that’s what came as a similar disheartening moment when I read of Brickblock. Brickblock is looking to blend the worlds of cryptocurrencies commodities and their high risk high reward traits with the traditional world of investment and their methods.

If you are to believe the literature Brickblock is a way to diversify your Bitcoin investments into traditional ones, with the digital currency. Brickblock provides a platform for traders, crypto currency holders and institutional investors to diversify their portfolio. So in essence Users are given the opportunity to invest out of cryptocurrencies into real world assets like ETFs and Real Estate Funds with regular dividend payouts.

Lo and behold in a world where the only items making the news are Blockchain and Blockchain cash and ethereum devaluations by my humble reckoning the. An article ton a platform that lets you get in and out of cryptocurrencies via traditional asset classes and and ETF that does not require understanding of mathematics and cryptoeconomics might have made a bit more news. Looks oks like its down to who has them most to invest in generating news that actually make the news l.

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