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France has one of the toughest regulatory environments in Europe and the world generally when it comes to finance and specifically cryptocurrency. The country has in recent times taken a few cursory steps toward becoming a hub of ICO activity, but strict enforcement of crypto regulations is the cost of doing business in a well-connected
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Cryptocurrency asset manager Morgan Creek Digital is betting $ 1 million that its crypto fund will outperform the S&P 500, calling the challenge Buffett Bet 2.0 to mimic the billionaire investor’s famous bet. The wager is expected to be taken by “someone who is bullish on the S&P 500, or someone who thinks cryptocurrencies are worthless or overvalued.”
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Morgan Creek Digital is recreating Warren Buffett’s famous $ 1 million wager. However, “unlike the famous value-investor, Morgan Creek is betting against the S&P and placing its faith in the 10-year performance of cryptocurrencies,” Cnbc reported on Thursday.
For the co-founder and partner of cryptocurrency firm CryptoOracle, Lou Kerner, patience is key when it comes to investing in bitcoin. Speaking to CNBC, Kerner said bitcoin investors should take comfort in the example of tech giant Amazon, which lost significant value when the dot-com bubble burst but has now emerged as the world’s largest
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The authorities in the island nation of Mauritius plan to start issuing custodian licenses to companies holding digital assets on behalf of clients. The financial regulator said the existing licensing regime is not suited for that purpose, although licensees under the new rules will have to comply with similar requirements.
Also read: Abu Dhabi Exchange to Create Infrastructure for Crypto Assets
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On October 15, Fidelity, the world’s fourth largest asset manager with $ 7.2 billion assets under management, launched its crypto custody arm. At the time, Fidelity CEO Abigail Johnson stated that the long-term strategy of the investment firm is to make Bitcoin and the rest of the cryptocurrency market more accessible to investors. “Our goal is
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Global business technology provider GFT has announced results of an independent performance test on the Digital Asset (DA) platform showing that the platform can process trading volumes exceeding 27,000 trades per second over a sustained period of time. These results place the platform above peak US equity trading volumes according to the DTCC. Founded in
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One of the biggest names in financial services wants to help institutional investors add bitcoin and other cryptocurrency assets to their multi-billion dollar portfolios. Citing proven institutional demand for cryptocurrency products, Fidelity Investments, the fifth-largest asset manager in the world with 27 million clients and $ 7.2 trillion in customer assets, has announced that it will
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In what is a first for Switzerland, Crypto Fund, a subsidiary of Crypto Finance AG, recently obtained a cryptocurrency asset management from the country’s Financial Market Supervisory Authority (FINMA). The company becomes the first to be authorized to provide full spectrum services to institutional investors regarding blockchain-based assets.
According to Bloomberg, the license puts Crypto Finance AG in the same bracket as other non-cryptocurrency asset management firms in the country. Commenting on the development, company CEO, Jan Brzezek, said:
Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.
The need for new solutions that bring together the prevailing worlds of traditional finance and modern-day financial technology has never been greater. At the forefront of this developing trajectory is Stackr, a global fintech company that aims to disrupt the global savings industry by assisting clients in achieving their long-term wealth acquisition goals. Launched in May 2018, this startup features a team that has known each other for decades and collaborated on similar financial solutions for years.
Pantera Capital’s Digital Asset Fund underperforms Bitcoin year-to-date, marking serious declines downwards of 70 percent. The fund’s compound annual growth rate (CAGR) is also negative 50 percent.A
The entire cryptocurrency market saw around $ 600 billion being wiped off its sheet in 2018. Bitcoin (BTC) [coin_schedule], the world’s largest cryptocurrency, marked a decrease of around 70 percent since its all-time high (ATH) values in January.
One of the largest digital asset hedge funds, that of Pantera Capital, released some alarming figures, outlining a 72.7 percent decline YTD. In August alone, the fund lost about 22.3 percent of its value. In aggregation, the fund is down 40.8 percent since inception, which is December 2017.
Even though a lot of other cryptocurrencies are seemingly stuck in sideways trading momentum, Maker offers some interesting options for speculators and traders. This often-overlooked altcoin has noted a very strong increase in value over the past few days, and its market cap is on track to hit $ 500m n the coming days. If these gains keep up, things will get very interesting for MKR watchers moving forward.
The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon.
The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release said is was arranged by a professional services firm called Aon who organized a collective of leading insurers.
Introducing Digital Assets Insurance, which furthers our mission to build the future of money via @Medium https://t.co/Yi58GQChjw
— Gemini (@GeminiTrust) October 3, 2018
The new virtual asset insurance coverage now stands alongside FDIC insurance for U.S. Dollars.
Yes, it might sound a little like a broken record, but if the Coinbase blog announcement is to be believed, the exchange will be stocking many more cryptos soon. While indisputably one of the largest crypto exchanges and trading platforms in the world, it also stocks one of the fewest selections of cryptocurrencies. Currently, just Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC).
The US-based exchange has been making mentions of stocking new cryptocurrencies and tokens for some time now. In fact, as far back as July, the company announced that it was exploring adding new assets. Among them were Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x.
Though many bitcoin investors believe multi-layer scaling solutions such as the Lightning Network (LN) will eventually make BTC a viable payment instrument for the proverbial coffee purchase, most argue that the flagship cryptocurrency’s primary short-term use case is as “digital gold.” However, an equity analyst at one of the world’s most respected investment research firms
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