98 per cent of hedge fund managers plan to put investment bets on crypto June 16, 2021 Hedge funds are increasingly betting on crypto, as an ‘overwhelming majority’ of senior staff eye digital asset investments over the next five years, according to a new report. The report by Intertrust, which surveyed 100 senior-level professionals, found that 98 per cent expect funds to invest in digital assets in the next five years. The [...]
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto June 15, 2021 Bank of England boss Andrew Bailey has pledged “tough love” as policymakers look to regulate cryptocurrencies, warning that public interest must not be ignored for the sake of innovation. Speaking at TheCityUK’s virtual annual conference earlier today in the City, Bailey said while innovation can challenge existing rules, public interest must be at the heart [...]
Crypto assets: you can doubt, but you can’t hide June 15, 2021 | City Talk It is no longer prudent to ignore the potential of crypto assets. The investment industry can be sceptical about crypto assets. Investors can certainly choose not allocate to them, but few can afford to ignore them. Why? Not just because Bitcoin’s dizzying ascent has captured the popular imagination but the more persuasive reasons why the [...]
Next generation of investors: One in four students now own crypto June 8, 2021 With crypto fever once again making headlines in recent weeks, it seems that students are increasingly jumping on the digital currency bandwagon. A study of over 24,000 UK students, conducted by student website UNiDAYS, found that 24 per cent now own some form of the digital asset, with a further third intending to buy within some the next [...]
Despite Bitcoin mania, the Bank of England is in no rush to ‘go crypto’ June 7, 2021 The Bank of England today published a summary of responses to a discussion paper on digital currency. The central bank said payments made with ‘stablecoin’ should be regulated in the same way as payments made by banks if they become widely used. Governor of the Bank of England, Andrew Bailey, clarified that “the prospect of [...]
Crypto mania: Is not Bitcoin but Ethereum making the most noise? May 31, 2021 Cryptocurrency is one of the most talked-about investment spaces in recent months and one of the digital coins making the most noise is Ether. Unlike its closest crypto rival Bitcoin, people can build applications on top of Ethereum, namely the open source blockchain technology behind Ether, which makes it fairly attractive for crypto and tech [...]
Leicester City title hero Christian Fuchs explains why he is auctioning his viral video of the team’s Premier League celebrations as an NFT May 28, 2021 Former Leicester City player Christian Fuchs is auctioning his viral video clip of the team celebrating the Premier League title as part of an NFT (non-fungible token). Fuchs shot the clip of the moment Leicester became champions on his mobile phone and shared it on Twitter, where it has received 12m views. The defender is [...]
Hedge fund legend Ray ‘cash is trash’ Dalio ditches bonds for Bitcoin as losses hit $12bn May 25, 2021 “I have some Bitcoin, and I have a very particular set of skills”. Ok, US billionaire Ray Dalio didn’t say the second bit, but it would have been good if he did. “The guy hates cash; we know this, but now he hates bonds too,” commented Neil Wilson, chief market analyst at Markets, this morning. “For [...]
It’s a wrap! Crypto AM DeFi & Digital Inclusion Online Summit May 20, 2021 The first Crypto AM DeFi & Digital Inclusion Online Summit took place today with an outstanding line-up of some the industry’s brightest minds. Welcome Words with James Bowater, Founder & Editor-at-Large of Crypto AM. Crypto A.M. Editor Darren Parkin 8.30pm: Closing Remarks with James Bowater and On Yavin. Earlier today 2.10pm to 2.40pm: Keynote – Matt Hawkins, Founder & [...]
Week in Sportbiz: Bitcoin plunge hits chess grandmasters; ‘Stamford Beach’ stunt recalls Chelsea row; and Hundred teams get new spinners May 20, 2021 When is a $100,000 bonus not worth $100,000? That is a conundrum for the chess grandmasters taking part in the FTX Crypto Cup. The tournament, which features world champion Magnus Carlsen and starts this weekend, is offering a $320,000 prize to the winner – a record for an online chess event. But $100,000 of that [...]