A new survey conducted by Fundstrat Global Advisors has found that 72% of institutional investors believed that cryptocurrency prices would rise in the case of a global recession. This is mainly due to the belief that non-governmental and retail market-related investments would be seen as a safe haven due to their distance from traditional markets.…
It has emerged that one of the planet’s most respected endowment managers has taken up positions in the cryptocurrency space. David Swensen has managed Yale University’s almost $30 billion endowment fund since the mid-eighties, earning him great esteem as an investor. Yale’s “Warren Buffett” Investing in Cryptocurrency More institutional money continues to trickle into cryptocurrency.…
Instead of fazing institutions, the dismal performance of the crypto market and the continued maturation the industry backing has continued to attract well-established firms from across the globe. Most recently, a handful of Wall Street heavy hitters have downed the red pill, revealing that it is time for financial institutions, like themselves, to step out…
Key Points Bitcoin price remained below the $6,600 resistance level against the US Dollar. This week’s followed important bearish trend line is still active with resistance at $6,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to clear the $6,585 and $6,600 resistance level to gain traction in…
Charities are increasingly accepting of cryptocurrencies as donations. This potentially exposes them to the same level of risks and rewards as those investing in the space. Charities Take Cryptocurrency Risk Giving Wealthy Donors Tax Breaks Thanks to nuances in U.S. tax legislation, many individuals that have been newly enriched by cryptocurrency are favouring making donations…
When it comes to polarizing issues in the crypto industry, there isn’t a topic as inflammatory as the debate between XRP proponents and Bitcoin maximalists or more broadly, centralization versus decentralization. In fact, this debate has been dubbed a “religious war” by some, as despite crypto’s underlying goal to unite communities, this argument has strained in-industry…
Despite the dismal performance of crypto assets, this space continues to receive attention from prominent thought leaders in traditional capital markets, making it evident that this industry shows promise and is much more than a well-thought-out fad or trend. “Clearly, Crypto Is Here To Stay” The brain drain of the legacy market has continued, with Ric…
It’s no secret that mainstream media isn’t the biggest fan of cryptocurrency, often releasing sensationalized reports that demand page views more than they do facts. That being said, the Wall Street Journal (WSJ) is now a part of the cryptocurrency market after creating their own crypto – called the WSJCoin. The U.S.-based news outlet embarked…
The Gemini cryptocurrency exchange platform has managed to secure insurance for its customers’ cryptocurrency holdings. The development should help the firm avoid the kind of hacks that have occurred against some of the industry’s other big names in recent years. Gemini Ramps Up Security Measures for Crypto Custody The news of Gemini’s new digital assets…
Binance had to move its headquarters from China to Japan in the wake of the PBoC’s crackdown against local cryptocurrency firms. But that didn’t discourage it from becoming the world’s leading cryptocurrency exchange. The company is now making waves in Australia as it invests USD$2.5 million into a local blockchain startup. A report from Business Insider confirmed…