Since Bitcoin garnered traction in 2016/2016, the crypto & blockchain industry has been overtly lauded as a catalyst behind a “brain drain” on Wall Street, Main Street, and even Silicon Valley. Case in point, notable talents from the legacy industries’ most preeminent conglomerates, like Starbucks, Google, PayPal, amongst others, have flocked to this firms investing…
As Bitcoin continues its chaotic price action, ceaselessly falling and ascending through key levels, some paranoid traders have feared that institutional investors have been alienated from the crypto market. Yet, reports indicate that Grayscale’s growing war chest has continued to swell, while institutional players continue to express interest in crypto assets. This, of course, makes…
At long last, it seems that the long-awaited institutional herd is finally arriving on the crypto industry’s doorsteps. Case in point, a Wall Street powerhouse has launched its Bitcoin-focused division amid institutional clamoring for cryptocurrencies and related innovations. But there’s still a ways to go in this subsector. Fidelity Soft Launches Crypto Division As we…
Joel Kruger, a trader, collector of digital art and bitcoin, and strategist at LMAX Group, discusses his background in investment banking and how he got involved with LMAX Group. He provides an overview of the institutional exchange's FX and cryptocurrency offerings and his role as a strategist at the LMAX Group.
As you likely well know, Bitcoin (BTC) hasn’t been doing too hot as of late, losing 45% of its year-to-date high of $14,000. Despite this unfortunate downturn, which came after many were calling for Bitcoin to “moon,” many remained committed to the cryptocurrency vision. Fidelity Expands Bitcoin Operations Revealed in a report published by the…
Nasdaq Vice President Joseph Christinat has confirmed that the exchange will launch Bitcoin Futures in the first half of 2019, pending regulatory approval from the CFTC. Traditional banking institutions have been increasingly open to including the emerging asset class. Nasdaq Bitcoin Futures Legitimizes Cryptocurrency Market, Says Market Analyst Nasdaq has been preparing the launch of Bitcoin…
Amid 2017’s roaring bull run, which saw the crypto market’s value swell from $20 billion to $800 billion, institutional players, such as hedge funds and endowments, were evidently hesitant to step foot in this industry. But now, analysis done by Morgan Stanley indicates that institutions have begun to accumulate crypto en-masse, presumably due to the fact…
The meme coin market is on the verge of a major transformation. With Dogecoin potentially becoming the first regulated meme coin investment vehicle, what does this mean for emerging projects like XYZVerse (XYZ) and other meme coins? Bitwise Asset Management has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to launch…
A major financial institution getting involved in cryptocurrencies is usually big news. With the prolonged US government shutdown hampering a number of long awaited crypto funds, large investment companies are seeking alternative ways to enter crypto markets. Fidelity Crypto Custody Coming According to Bloomberg Fidelity Investments is planning to launch its Bitcoin custody services in…