Blockchain was conceptualized about a decade ago, and today, the technology has many applications. The first major innovation using this technology was the digital currency called Bitcoin. While the cryptocurrency market capitalization was approximately $112 billion in December 2018, it had fallen by nearly $700 billion from January 2018 due to the drop in price of cryptocurrencies and increased potential for regulatory scrutiny. However, the total number of cryptoassets have continued to grow. To help you better understand the new types of cryptoassets, we have provided the following summary

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Like many folks these days, I rely on the interwebs to discover how to do certain things. Change the battery in my home alarm system? YouTube. Learn how to create a smokey eye? Instagram. Grill a turkey for Thanksgiving dinner? Jimmy-D’s Thanksgiving Turkey BBQ 2010

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The pursuit of non-correlated, investable, high-returning assets has led private funds to consider ever more esoteric asset classes for possible investment. Merchant cash advance transaction contracts (“MCATs” for short), are one of those receiving the attention of the hedge and private equity industries. MCATs are, in their basic form, an unregulated futures contract for the present purchase of a portion of a merchant’s future receivables. Properly structured, they provide the benefit of discount pricing in the purchase of a financial asset (similar to a factoring arrangement), where that asset — the receivables to be created — does not yet exist

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