Crypto News 

BitGo Expands its Custody Service to Cover 100 Crypto Assets

“Crypto wallet and blockchain security firm BitGo has expanded its suite of custody products and services to support 100 coins and tokens by the end of 2018” writes Aziz Abdel-qader for financemagnates.com. The step reflects the surge in demand for custody solutions for altcoins and other tokens and not just leading cryptocurrencies, such as Ethereum and Bitcoin.Speaking on the integration, Ben Chan, CTO of BitGo, said: “BitGo is the first multi-signature wallet platform with support for such a wide offering of highly traded digital currencies.BitGo’s patent multi-signature wallet technology has attracted institutional…

Read More
Crypto Markets News 

Bitcoin drops to one-year low as slump persists; ethereum down sharply

“However, there are growing signs of greater institutional participation in bitcoin, such as increased demand for a bitcoin exchange traded fund and rising bitcoin futures volume, analysts said” writes Min Read for reuters.com. But they noted that actual participation remains low among both institutional and retail investors.Other market participants suggested that Thursday’s impending “hard fork,” or split of bitcoin cash – another cryptocurrency that emerged out of bitcoin – into two separate currencies, has caused some volatility as well. Source: reuters.com Share This:

Read More
Crypto Markets News 

How Institutional Investors Are Sustaining the Cryptocurrency World

“Needless to say, digital currencies were not an appealing prospect for institutional investors and others with client interests to keep in mind” writes Nathan Reiff for investopedia.com. Below, we’ll explore how institutional investors have gotten involved and why they’ve turned their interests to cryptocurrencies.Along with new interest among institutional investors, there are also new products, services, and methods for transacting.They also facilitate larger transactions, which may appeal to institutional investors but are more difficult to complete on exchanges.Private transactions are a natural fit for institutional investors because large transactions taking…

Read More
Crypto Markets News 

‘Watch What Happens to Crypto’ in the Next Financial Crisis, Says ShapeShift CEO

“It is his belief that the crypto market will soon see a rise in interest during the next financial crisis” writes Rebecca Campbell for livebitcoinnews.com. In the long run, the ShapeShift CEO thinks that many will turn to investing in crypto such as Bitcoin.At the same time, though, plenty of people still have confidence in where the crypto market is heading.Do you think people will turn to crypto if there is another financial crisis?. That’s according to the CEO of ShapeShift, who believes debt in America will cripple the economy. Source:…

Read More
Crypto News 

Binance Hopes to Woo Institutional Investors with Professional Crypto Trading Products and Services

“Given the number of crypto-related ventures focusing on institutional traders, Binance will face an uphill battle” writes Jp Buntinx for livebitcoinnews.com. For many service providers, that means attracting additional institutional investors.Do you think that Binance will succeed in attracting the much-sought-after institutional investors?. New services are being developed to ensure professional investors can enter the crypto market with confidence.As cryptocurrency continues to mature, institutional traders become all the more important. Source: livebitcoinnews.com Share This:

Read More
News 

Proxy advisers push back at DC criticism: ‘We give shareholders a voice’

“Institutional investors routinely follow their advice, which sometimes opposes the views of a company’s existing board and management” reports washingtonexaminer.com. ISS clients are “sophisticated institutional investors who are free to follow our recommendations or not,” the firm countered in its written comments.They also charge that passive investors like BlackRock or Vanguard – who have substantial voting power because they own large swaths of stock – blindly follow their voting recommendations, enhancing the influence of proxy advisers.Companies like Institutional Shareholder Services and Glass Lewis make recommendations on how shareholders should vote…

Read More
Crypto News 

Cobinhood CTO Speaks on Security, Institutional Investors, and Future Plans

“Previous to its launch as an exchange, Cobinhood began offering ICO underwriting services in November of 2017” reports financemagnates.com. He explained that like many cryptocurrency exchanges, the inspiration for Cobinhood was originally conceived because of a sense of frustration with available trading platforms.For all offline transactions, each COBINHOOD has a multisignature wallet with 8 hardware security modules (HSMs).One of these exchanges in Cobinhood.Huang added that the company “is the only end-to-end ICO services provider [to guarantee] listing on our exchange after a partnered project finishes its token sale. Source: financemagnates.com Share…

Read More
Crypto Markets News 

Grayscale Investments Brings in $330 Million Despite Downturn in Cryptocurrency Prices

“According to a Q3 2018 report from the digital currency investing firm, year-to-date (YTD) profits amount to $329.5 million” writes Rebecca Campbell for livebitcoinnews.com. Additionally, $81.1 million was brought in from investments in Q3 2018.Speaking to CNBC, Michael Sonnenshein, managing director of Grayscale Investment, said: Strong investment from institutional investors suggests that they are responding to the market as it continues to gain mainstream adoption.The report states that 70 percent of the investment came from institutional investors.The cryptocurrency industry may be in a bear market, but for one investment firm that’s…

Read More
Crypto News 

Bitcoin’s average trading range has narrowed nearly 90%, says analyst

“Major digital currency prices cannot buck the recent trend, trading mostly unchanged” writes Aaron Hankin for marketwatch.com. You may be surprised Despite the 2018 fall in digital currency prices, institutional investors have not blinked.In Thursday trading one bitcoin BTCUSD, +0.02%  was fetching $6,317.24, unchanged since Wednesday 5 p.m.The lull has analysts turning to stocks to cure their craving for volatility. “The average true trading range of bitcoin has dropped to $157 from its January peak of $1,500.Read: The round numbers that show just how far bitcoin has come in 10…

Read More
Crypto Markets News 

Fidelity May Face an Uphill Battle to Attract Institutional Crypto Investors

“Until a solid foundation is established, Fidelity investments may not see any real success in this department” writes Jp Buntinx for livebitcoinnews.com. Fidelity Investments is entering this market, albeit without too much fanfare.Fidelity Investments offers a custody service, but it remains unclear if the firm can convince traders in the near future.The decision by Fidelity investments to tap into cryptocurrencies makes sense. Source: livebitcoinnews.com Share This:

Read More