Analysis

Another University Endowment Invests in Crypto Fund: 2019 is the Year of Institutions

The University of Michigan’s $ 11.9 million endowment fund has plans to increase its stakes in a crypto fund managed by Andreessen Horowitz. The public university said in its Regents Communication agenda that it was looking to make additional investments into the California-based venture capital firm’s CNK Fund I. Earlier, in June 2018, the endowment had […]

Crypto News

Former Citi Exec: Crypto Market Cap Still Smaller than Samsung, What’s Preventing Institutions’ Entry?

Hwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. The former Wall Street executive turned crypto investor and the CEO of Atomrigs, a digital asset custodian in […]

Crypto News

South Korea’s Top Crypto Exchange Just Launched a Major Product, But is There Real Demand From Institutions?

Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books. In an official announcement, Bithumb Global Limited, a Hong Kong-based subsidiary of the South Korean exchange, said that it will cater services to institutional clients under the […]

Crypto News

Bitcoin Bomb Threats Target Educational Institutions, Businesses and Govt. Buildings in US, Canada

Advertisement Hundreds of government buildings, schools and businesses in the United States and Canada were on Thursday targets of extortionists who threatened to detonate explosives unless they were paid thousands of dollars in bitcoin. In most of the emailed bomb threats, the sender claimed that they had an associate who had planted an explosive device […]

Crypto News

Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build

Advertisement According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing […]

Crypto News

World’s Largest Financial Institutions are Still Placing Big Bets on Crypto

Advertisement Sequoia, Baidu, Nasdaq, and Fidelity are amongst some of the largest VCs, technology conglomerates, and financial institutions to make big bets on crypto in the past week. Despite the bear market which has led major cryptocurrencies to lose about 80 to 90 percent in value on average, both digital asset-related businesses and blockchain protocols […]

Bitcoin

Institutions Still Bullish On Crypto: Grayscale Owns 1% of All Bitcoin

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 […]

Bitcoin

Crypto Doom and Gloom: Banking CEO Says There’s “No Interest” from Institutions

The CEO of Revolut has claimed that large institutional clients, which are often cited as the drivers of the next crypto bull run, have shown very little interest in investing in assets like Bitcoin and Ethereum. Revolut CEO: Institutional Investors Show “No Interest” in Crypto While speaking at the Web Summit 2018 in Lisbon, Portugal this week, […]