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$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq
10.6.2021
An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory...
$157B Victory Capital plans to enter crypto market
9.6.2021
The firm aims to let U.S. investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index
Skybridge Capital Says Bitcoin Still Has More Upside Than Gold
8.6.2021
The chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin. Asset Manager Skybridge Prefers Bitcoin to Gold Troy Gayeski, co-chief investment...
British Asset Manager Ruffer Bags $1.1 Billion Profit From Bitcoin
8.6.2021
British asset management firm Ruffer reportedly said its bitcoin investment has generated about $1.1 billion in profit. The firm says bitcoin has been “a wonderful store of value” and it is still optimistic about the cryptocurrency in the long term. Ruffer Profits $1.1 Billion From...
Asset Managers Could Violate Fiduciary Duty If They Don’t Consider Bitcoin, Says Finance Professor
8.6.2021
A professor of finance and business economics at the University of Southern California says that asset managers focusing on growth strategy could violate their fiduciary duty if they do not consider bitcoin in their portfolios. Asset Managers With Growth Focus Need to Consider Bitcoin Financial...
Infosys Chairman Advocates Regulation of Crypto Assets as Commodities in India
7.6.2021
The chairman of major Indian company Infosys says that crypto should be regulated as an asset, like a commodity. He believes that crypto investors will significantly contribute to India’s economy. Infosys Chairman Wants Crypto Regulated as an Asset Infosys Chairman Nandan Nilekani says...
Out of Thousands of MIT Students That Got Free Bitcoin in 2014 – 6 Year Holders Saw 13,000% Gains
7.6.2021
Over six years ago, at the Massachusetts Institute of Technology (MIT), a couple of scholars distributed $100 in bitcoin to 3,100 students. According to testimony from a few participants who held the leading crypto asset since then, the students netted 13,000% in profit. MIT Grad Who Made 13,000%:...
Goldman Sachs Survey: Chief Investment Officers Say Bitcoin Is Their Least Favorite Investment
7.6.2021
Investment bank Goldman Sachs recently held two roundtable sessions for chief investment officers of hedge funds. The bank found that they see bitcoin as their least favorite investment. In contrast, the latest Bank of America Fund Manager Survey found that “long bitcoin” was the most...
G7 Finance Chiefs to Publish Common Rules for State-Issued Digital Currencies This Year
6.6.2021
The G7 finance ministers and central bank governors have met and agreed to work towards common principles for state-backed digital currencies and publish their conclusions this year. They said these digital currencies “could act as both a liquid, safe settlement asset and as an anchor for...
Tony Hawk Purchased Bitcoin in 2012 After Reading About the Silk Road Marketplace
6.6.2021
Tony Hawk, the American professional skateboarder often referred to as ‘Birdman,’ discussed bitcoin at the Bitcoin 2021 conference in Miami and told the crowd he got into the crypto economy in 2012. Hawk said he heard about the crypto asset after reading about the Silk Road marketplace...
‘Blogger by Day, Trader by Night,’ Binance Runs Advertising Campaign in Major Ukrainian Cities
6.6.2021
An advertising campaign across some of Ukraine’s most populous cities is now aiming to attract new traders to the world’s largest digital asset exchange, Binance. The Eastern European nation is known as a promising market and a leader in terms of cryptocurrency adoption. Binance...
Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce
5.6.2021
Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles...
South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
5.6.2021
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security...
PlanetWatch Announces the Listing of the PLANETS Token on Bitfinex Exchange
4.6.2021
PRESS RELEASE. Planetwatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex on June 4th. PLANETS are the first Algorand Standard Asset (barring stablecoins) to be supported on a major...
Crypto CFDs Are Popping Up Like Mushrooms – Here’s Why
4.6.2021
Thanks to its high volatility and price momentum, cryptocurrency is an increasingly popular asset class amongst retail day traders. CFDs that track price changes in major tokens make cryptos even more accessible for investors without the steep learning curve that traditionally accompanies...
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash
3.6.2021
Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling...
Asset Manager Sees Bitcoin Price Bottoming out — Says Market Is Mispricing BTC
3.6.2021
Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.” He sees a string of “all positive things” that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market...
Goldman Sachs: Bitcoin Is an Alternative Inflation Hedge to Copper, Not Gold
3.6.2021
Goldman Sachs’ head of commodities research says bitcoin is more like copper as a hedge against inflation than gold. He explained that they are both “risk-on” inflation hedges whereas gold is a “risk off” asset. Bitcoin Is More Like Copper Than Gold as Inflation Hedge...
Irish MEP calls for stringent crypto regulations in Europe
2.6.2021
One Irish MEP wants even stricter stablecoin and crypto regulations in Europe