Fidelity is launching Fidelity Digital Asset Services, taking a big step into cryptocurrency. If done well, it may just help change the trust issue among institutions. Part of the problem when it comes to cryptocurrency investing is how to prevent them from being hacked. The other problem is that as of June 2018, $1.6 … Continue reading “Fidelity Makes it Easier for Hedge Funds to Trade Cryptocurrencies”
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Despite Doom and Gloom Forecasts, Cryptocurrency is the Future of Money
Author Ian CooperPosted on Categories Bitcoin, Blockchain, Business, Crypto Exchanges, Crypto Technology, Cryptocurrency, General, News, UncategorizedLeave a comment on Despite Doom and Gloom Forecasts, Cryptocurrency is the Future of MoneyAs is the case with anything new, naysayers abound. The same holds true for cryptocurrency and blockchain, both of which are still in their infancy. Dr. Doom, Nouriel Roubini for example says, “There is no decentralization, it’s just bulls***.” This was while he was attending a Milken Institute conference. Warren Buffett and Charlie Munger still … Continue reading “Despite Doom and Gloom Forecasts, Cryptocurrency is the Future of Money”
Fundstrat Tom Lee: Institutions Overwhelmingly Believe Bitcoin Bottomed
Author Ian CooperPosted on Categories Bitcoin, Business, Cryptocurrency, ETFLeave a comment on Fundstrat Tom Lee: Institutions Overwhelmingly Believe Bitcoin BottomedFundstat’s Tom Lee is no stranger to cryptocurrencies. Tom Lee of Fundstrat had famously said Bitcoin “could end the year explosively higher.” In fact, he says Bitcoin could rally as high as $25,000. He called for Ethereum to rally to $1,900 by 2019. Tom Lee Fundstrat Survey: Bitcoin Prices Already Bottomed After plunging from $20,000 to … Continue reading “Fundstrat Tom Lee: Institutions Overwhelmingly Believe Bitcoin Bottomed”
Cryptocurrencies: Key Reasons Why Institutions aren’t Investing Yet
Author Ian CooperPosted on Categories Bitcoin, Blockchain, Business, CryptocurrencyLeave a comment on Cryptocurrencies: Key Reasons Why Institutions aren’t Investing YetTrust is a major stumbling block for institutions when it comes to cryptocurrency. After all, holding virtual currencies in an exchange on the other side of the world can often be risky. That’s especially true with constant reports of hacked exchanges. However, there’s some hope that can be overcome, especially if Goldman Sachs pushes forward … Continue reading “Cryptocurrencies: Key Reasons Why Institutions aren’t Investing Yet”
Fidelity Investments CEO Now Hinting at Cryptocurrency Products
Author Ian CooperPosted on Categories Blockchain, Business, CryptocurrencyLeave a comment on Fidelity Investments CEO Now Hinting at Cryptocurrency ProductsAs cryptocurrency becomes mainstream, institutions are jumping on the bandwagon. That now includes Fidelity Investments. In fact, over the last few days, some of the top banks have made announcements Morgan Stanley is creating a derivatives product that will give traders “synthetic exposure” to the price of Bitcoin, for example. Goldman Sachs is creating a … Continue reading “Fidelity Investments CEO Now Hinting at Cryptocurrency Products”
Major Financial Institution Acquires Cryptocurrency Software Firm
Author Ian CooperPosted on Categories Blockchain, Business, NewsLeave a comment on Major Financial Institution Acquires Cryptocurrency Software FirmWith rising client demand, major financial institutions can no longer ignore cryptocurrency. For example, accounting firm Ernst & Young just acquired cryptocurrency investing software firm Elevated Consciousness Inc. EY will now gain access to the Crypto-Asset Accounting and Tax (CAAT) software. Consequently, it will be used to monitor trading transaction history across multiple exchanges and wallets … Continue reading “Major Financial Institution Acquires Cryptocurrency Software Firm”
The Smart Money: Goldman Sachs Eyeing Crypto Custody
Author Ian CooperPosted on Categories Altcoin, Banking, Bitcoin, Business, CryptocurrencyLeave a comment on The Smart Money: Goldman Sachs Eyeing Crypto CustodyOne of the biggest complaints regarding institutional adoption of cryptocurrency is trust. After all, holding virtual currencies in an exchange on the other side of the world can often be risky. That’s especially true with constant reports of hacked exchanges. However, the trust issue may soon change. That’s because Goldman Sachs may offer custody services … Continue reading “The Smart Money: Goldman Sachs Eyeing Crypto Custody”
New Regulated Crypto Exchange has Launched
Author Ian CooperPosted on Categories Altcoin, Bitcoin, Crypto Exchanges, CryptocurrencyLeave a comment on New Regulated Crypto Exchange has LaunchedFor the first time, an exchange for cryptocurrencies launched at BlockTrade.com, regulated under the MiFID II (Markets in Financial Instruments Directive) framework. According to Bloomberg, “There are over 1,500 digital currencies registered at over 170 crypto exchanges. Over 60 trades per minute take place at the busiest. Yet none of these are seeing regulations from … Continue reading “New Regulated Crypto Exchange has Launched”
