Crypto News 

Institutional Investors Push Bitcoin Price to New Highs, Drastic Rise in Liquidity

“The demand from institutional investors and multi-billion dollar investment firms toward bitcoin will continue to rise at an exponential rate if necessary infrastructures can be established by leading bitcoin and financial service providers” writes Joseph Is A for newsbtc.com. Ari Paul, the chief information officer and managing partner of BlockTower Capital, believes liquidity for institutional investors and professional traders within the bitcoin and cryptocurrency markets will drastically increase in the upcoming months.Recently, Coinbase, the largest bitcoin wallet and trading platform in the world, raised $100 million at a $1.6 billion…

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Crypto News 

Bitcoin vaults to new record above $4K, boosted by Japan and multiplying its value fourfold

“The digital currency bitcoin vaulted to a new record high above $4000 on Saturday, boosted by strong Japanese demand on its way to multiplying its value fourfold this year” writes Evelyn Cheng for cnbc.com. Analysts have also noted increased investor interest, especially from institutional investors, after bitcoin successfully survived an Aug. 1 split into bitcoin and bitcoin cash.US-dollar bitcoin trade accounted for about 25 percent, according to CryptoCompare.Bitcoin trade in Japanese yen accounted for nearly 46 percent of global trade volume, up from about a third a day ago, according…

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Crypto News 

Goldman Sachs: Cryptocurrencies Getting ‘Harder to Ignore’

“Now, Goldman Sachs is counseling institutional investors to give cryptocurrency a closer look” writes unknown author for cryptocoinsnews.com. Mainstream financial institutions such as Goldman Sachs are finally beginning to realize what forward-thinking venture capitalists have known for years: investors need to pay attention to the cryptocurrency ecosystem.One hurdle institutional investors must overcome is the uncertain regulatory environment.Boroujerdi says that whether or not one believes cryptocurrencies have merit, “real dollars are at work” in the cryptocurrency space and warrant attention from investors. Source: cryptocoinsnews.com Share This:

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Tier 1 liquidity is here to stay: London will always be the world center, as Deutsche Bank signs for 21 Moorgate

“Deutsche Bank, along with other Tier 1 banks, must realize that their core business activity is the provision of prime brokerage services to electronic financial markets participants” reports financefeeds.com. In the FX industry, London is the absolute powerhouse for the entire region, and indeed one of the world’s focal points for the entire financial services business.In the spring of 2016, Deutsche Bank Co-CEO John Cryan stated publicly that institutional investors should trust the counterparty credit rating the lender has from Moody’s Investors Service (!!), rather than the cost of insuring…

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Corporate Banking Boosts BNP Paribas’ Q2 Performance

“In 2015 BNP Paribas announced renewed corporate banking strategies, with CFO Lars Machenil planning to boost market share and expand cross-border corporate payment capabilities” reports pymnts.com. Its corporate banking unit was particularly strong, with its corporate and institutional bank having a “very good quarter,” the bank said in a statement.BNP Paribas has taken steps to enhance its corporate banking services recently.Top French bank BNP Paribas didn’t lose as much money as analysts predicted.Cash management and trade finance operations boosted its corporate banking revenue by 13.5 percent. Source: pymnts.com Share This:

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An internal battle is reportedly being waged at $240 billion money manager Guggenheim

“All is not well at $US240 billion money manager Guggenheim Partners” writes Alex Morrell for businessinsider.com.au. The controversy reportedly began when Alexandra Court, a Walter loyalist, was promoted to lead the institutional distribution team last year and made sweeping changes that cut costs but also alienated Minerd’s money managers.Mark Walter, the founder and CEO, is reportedly at odds with Scott Minerd, the CIO and face of the firm, over recent changes to the institutional distribution unit, a division of the firm that serves as a go-between for Guggenheim’s money managers…

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Crypto Markets News 

CFTC Approves Options Trading In Bitcoin

“It is now the first federally regulated bitcoin options exchange and clearing house which will list and clear fully-collateralized, physically-settled bitcoin options for the institutional market” reports etfdailynews.com. The CFTC officially recognized bitcoin as a commodity in September of 2015 when it went after Coinflip for operating a platform for trading bitcoin options without the proper authorization.Since the agency effectively asserted its dominance over the bitcoin market with that decision, this is the first time it has given its blessing to an bitcoin options trading platform.By authorizing the first SEF…

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Hedge fund titan Ken Griffin describes the ‘incredibly humiliating’ moment his firm nearly went under

“The firm, of course, still exists, and managed $26.2 billion at the start of the year in hedge fund assets, according to the Hedge Fund Intelligence Billion Dollar Club ranking” writes Finanzen Net Gmbh for businessinsider.com. Ken Griffin, the billionaire founder of hedge fund titan Citadel, said that he didn’t appreciate the fragility of the US banking system in the lead-up to the 2008 financial crisis – a blip that amounted to the “biggest mistake” of his career. Source: businessinsider.com Share This:

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Crypto Markets News 

6 Factors Pushing Bitcoin Prices Higher in 2017

“The Bitcoin price this year has climbed to unprecedented levels” reports cryptocoinsnews.com. This will further stimulate institutional investment into Bitcoin, leading to a stronger and more prosperous market for all.Regulation is arguably one of the largest barriers to cryptocurrency investment for institutions. Source: cryptocoinsnews.com Share This:

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Exclusive: Former ADS Securities executive Bryan Seegers joins Jefferies as SVP, Quant Relationship Management

“Seegers, maintaining his foothold among the upper echelons of the institutional electronic trading sector, has been appointed SVP Quant Relationship Management at North American multinational investment bank Jefferies” reports financefeeds.com. Today marks a new direction in the career of FX industry senior executive Bryan Seegers. Source: financefeeds.com Share This:

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