About 85 percent of investment advisors are not yet putting clients’ funds into cryptocurrencies, according to a Bitwise Asset Management survey, released in January, of 500 financial advisors. Among the 15 percent who include crypto in clients’ portfolios, digital assets typically make up no more than 5 percent of the clients’ holdings, the survey found....
Category: TRENDS IN CRYPTOS
BLOCKCHAIN BATTLES
CRYPTOS MANAGING GAINS IN TIME OF WAR AND UNCERTAINTY. Research company Fundstrat confirms that venture capital in February and March has been pouring into crypto. How much? In the four weeks from 8 February to March 7, close to 4.5 billion dollars. The surge has come at a time when international investors are looking for...
INSTITUTIONAL CRYPTO TIDE RISING, DESPITE VOLATILITY
Institutional integration of crypto options are increasing exponentially, and regions like Africa, though just scratching the surface, are experiencing a boom in crypto interest. Those are two takeaways from a recent Blockchain Africa Conference, 2022 edition. Comments concerning Africa’s crypto climate, as well as growing global institutional tide, were made by several analysts during a...
THE NEW NEUTRAL
Did you see where Bitcoin announced their support of Ukraine in the wake of Russia’s military attack? No, you didn’t. That’s because there’s no controlling entity behind Bitcoin that can do any such thing. Same for Ethereum. Co-founder Vitalek Buterin acknowledged as much with a February tweet: “Reminder: Ethereum is neutral, but I am not.”...
FED’S RATE HIKE BOOSTS CRYPTO FIRM’S VALUE
When the U.S. Federal Reserve raised interest rates last week, it gave a hand up to Circle Internet Financial, a young crypto firm that issues what it calls a USD Coin (USDC), a stablecoin the value of which is pegged to the U.S. dollar. Circle transforms investors’ dollars into USDCs, which it invests in cash...
BLOCKCHAIN BATTLES
REAL ESTATE NFT INVESTING PLATFORMS ON THE BLOCKCHAIN. Algorand and Cardano initiatives in real estate investing via NFTs are being built on their blockchain networks. They represent utility use cases for NFTs that go beyond the digital art and collectibles market. GoKey, which is set to launch by the summer, bills itself as a project...
DEBATE CONTINUES ON CRYPTO SANCTIONS BILL
The U.S. Senate has continued to debate a bill which seeks greater regulation of cryptos to weaponize the sector. Elizabeth Warren (D-MA) has led a group contending that cryptos are more prone to sanctions evasion by Russia than legacy financial mechanisms. But others say that if anything, the public ledgers of cryptocurrencies have aided in...
HEDGE FUNDS EXPANDING REACH INTO DIGITAL CURRENCIES
Brevan Howard Asset Management and Tudor Investment Corp. are broadening their work in cryptocurrencies. Brevan Howard’s crypto fund, launched in January, soon will open itself to outside investors, The Wall Street Journal reported. In addition to betting on price directions, the fund will arbitrage different cryptos against each other and invest in blockchain technology, the...
BLOCKCHAIN BATTLES
BORDERLESS CITIZENS AND BLOCKCHAIN CITIES. “Anything different is good.” —Phil Connors, from the movie Groundhog Day. Young people want something different. And looking at the current sorry state of world affairs, who can blame them? It may sound pie-in-the-sky (or maybe that’s blockchain in the ether), but younger people see the crypto revolution as more...
CBDC ON THE SLATE FOR COUNTRIES AROUND THE GLOBE
The Biden administration took a big step toward an eventual Central Bank Digital Currency last week with the President’s Executive Order on Cryptos. The directive mandates a comprehensive analysis of the CBDC’s potential advantages and dangers for consumers, investors, and the larger financial system in the United States, with an assessment timetable of six months....
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