Almost half of hedge funds known to invest in traditional asset classes have ventured into cryptocurrencies, per the published report of a survey by the Alternative Investment Management Association and PricewaterhouseCoopers. According to the report, 47% of hedge funds traditionally focused on conventional assets now invest in cryptocurrencies, up from ...
Ripple is making its entry into the crypto custody market with its latest product offering: a suite of new services aimed at helping financial institutions manage digital assets on behalf of their clients. As reported by CNBC on October 10, the San Francisco-based blockchain company seeks to establish its newly ...
The recent criminal charges against Aleksei Andriunin, CEO of market-making firm Gotbit, for allegedly orchestrating a $42 million crypto market manipulation scheme have sent ripples through the industry. However, analysts believe that the eventual fallout could yield positive developments for the sector. As previously reported, Andriunin and Gotbit are facing ...
IPG Legal, a South Korean law firm specializing in the country's legal system, has stated that married couples in South Korea can now include cryptocurrency holdings in dividing assets during divorce proceedings. The firm clarified how cryptocurrencies are treated as part of marital assets in divorce cases. Addressing common client ...
Wirex has revealed an early access launch of Wirex Pay, its blockchain-powered payment solution. In a press release published today, October 9, the web3 payment company announced that the platform is "now live for select whitelisted users." The Wirex Pay app is built with zero Knowledge (ZK) technology and allows ...
Taiwan is taking significant steps toward greater institutional adoption of cryptocurrencies, with regulators planning to pilot crypto custody services through local banks. According to a report by the local media outlet, Central News Agency, the country's top financial regulator, the Financial Supervisory Commission (FSC), is preparing to launch a trial ...
Pranav Kanade, the portfolio manager of the VanEck Digital Assets Alpha Fund, believes that memecoins could provide a blueprint for improving adoption in the crypto and web3 ecosystem. In a recent X post, Kanade emphasized that the viral nature of memecoins provides unique advantages for market engagement and widespread distribution, ...
A generational shift in investment choices is ongoing among investors in the United States. According to the 2024 Study of Wealthy Americans recently published by the Bank of America, young investors are diverging from the traditional investment paths favoured by older generations. The study, which surveyed U.S. adults with at ...
Indian crypto exchange WazirX is working closely with government authorities, including the Financial Intelligence Unit (FIU), to address the aftermath of a July hack that led to the theft of $235 million from one of its wallets, according to a report by Moneycontrol. The exchange has provided authorities with detailed ...
21Shares, a Zurich-based asset management and investment firm, is urging the European Securities and Markets Authority (ESMA) to introduce clearer guidelines regarding the inclusion of crypto assets in the UCITS (Undertakings for Collective Investment in Transferable Securities) framework. In a press release published on October 7, the firm pointed out ...
