Macro guru Raoul Pal says that retail investors have a chance to get ahead of venture capitalists and blue-chip investors before the crypto markets skyrocket. In a new interview on the Overpriced JPEGs podcast, the former Goldman Sachs executive says that for the first time, retail traders are scooping up crypto assets before institutional investors […]
The post Former Goldman Executive Says Retail Will Front Run VCs and Institutions Before Crypto Explosion appeared first on The Daily Hodl.
An executive from financial services giant Fidelity says that the investment thesis centered around Ethereum (ETH) may be easier for institutions to understand compared to Bitcoin (BTC). In a new interview on the Bankless YouTube channel, Fidelity’s director of research Chris Kuiper says that the firm’s Ethereum investment thesis could be an easier concept for […]
The post Fidelity Executive Says Ethereum Investment Thesis Could Be Easier for Institutions To Grasp Than Bitcoin – Here’s Why appeared first on The Daily Hodl.
Morgan Creek Capital founder Mark Yusko says that a parabolic rise is on the horizon for Bitcoin (BTC) as hundreds of billions of dollars worth of institutional capital is set to flow in. In a new interview on the Paul Barron Network, Yusko says that the king crypto tends to add a zero to its […]
The post Mark Yusko Says ‘Parabolic Blow-Off Top’ Coming for Bitcoin After $300,000,000,000 in Institutional Money Arrives appeared first on The Daily Hodl.
More than 60% of Binance’s institutional investors feel optimistic about the crypto market’s prospects in the next 12 months, according to a new survey from the company. The top global crypto exchange surveyed 208 of their institutional clients and “VIP users” between late March and mid-May of this year. More than 63% of the respondents […]
The post Majority of Binance’s Institutional Investors Feel Optimistic About Crypto Market Over the Next Year: Survey appeared first on The Daily Hodl.
Payments firm Ripple is paying a nine-figure price tag to acquire Metaco, a Swiss-based digital assets custody provider. In a new press release, Ripple Labs says its purchasing Metaco for $250,000,000 in response to research suggesting that institutional investors plan to heavily incorporate crypto custody services into their business models within the next three years. […]
The post Ripple Spends $250,000,000 on Institutional Digital Asset Custody Firm Metaco appeared first on The Daily Hodl.
Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers […]
Hong Kong’s HashKey recently received a number of licenses from local regulators, allowing it to expand its range of products and services.
Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors.
In an April 14 announcement, HashKey cited “significant demand from investors to access virtual assets” as the reason for its move into the wealth management space.
Deng Chao, the CEO of the group’s venture capital arm, HashKey Capital, said the service allows it to offer solutions to help tap into the “growing opportunities of virtual assets.”
HashKey pointed to a 2022 study from consultancy firm Boston Consulting Group, which found 0.3% of individual wealth is invested in crypto compared to the 25% invested in equities.
It claims this signals there is “potential robust demand for virtual assets in the future,” a sentiment that was shared by BSG when it initially published the report.
On Sept. 13, HashKey announced that it had been granted a “Type 9 asset management license” by Hong Kong’s Securities and Futures Commission, allowing it to manage portfolios that only contain virtual assets and likely paved the way for its latest offering.
Related: Hong Kong virtual bank to offer crypto conversions and accounts: Report
In the latest announcement, HashKey also noted that “recent challenges in the crypto market have highlighted the need for deep and reliable liquidity.”
In response, HashKey said it would be expanding its over-the-counter trading service by expanding the number of tokens in its spot market and increasing its liquidity coverage to 24/7.
On Jan. 17 HashKey closed a $500 million investment round for a fund that it plans to use to help push for mass adoption of blockchain and crypto technologies.
We're delighted to share that @HashKey_Capital successfully closed its Fund III, having raised a total of $500 million.
— HashKey Group (@HashKeyGroup) January 17, 2023
The Fund will be deployed to advance global #crypto and #blockchain initiatives, focused on building and scaling the #Web3 ecosystem.https://t.co/qjq3ur0N7F
Cointelegraph contacted HashKey for comment but did not immediately receive a response.
Asia Express: Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga
Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys Another Batch of Bitcoins Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins […]
A mysterious investor is scooping up an Ethereum-based (ETH) altcoin that has more than doubled up in price so far this year. According to new data from blockchain-tracking service Lookonchain, an unnamed institution spent $10 million worth of USD Coin (USDC) to purchase 3.4 million Synthetix (SNX), a decentralized asset issuance project, during the last […]
The post Mysterious Institutional Investor Scoops Up Ethereum-Based Altcoin That Rallied 126% This Year: On-Chain Data appeared first on The Daily Hodl.
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business. The Impact of Crypto Winter on the Cryptocurrency Industry […]