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In the week ending 18 May, 2018, in FinTech, institutional investors are no longer watching crypto from the sidelines and now wants a front seat in the action. Goldman Sachs as the very first institutional bank in the U.S. said it will soon leverage its own money to trade contracts linked to the price of Bitcoin for its clients. This is viewed as a huge step forward for traditional finance, whose players - Goldman Sachs chief among them - are typically very risk averse and wouldn't make a move like this unless they believed they could profit from it, according to this report Crypto hedge fund BlockTower Capital is diving into venture capital investing with a new fund; Clipper Coin Capital has opened a crypto investment bank in Hong Kong; CME Group has launched an ethereum price indexes in partnership with Ethereum Futures Exchange. Kora Network is raising money through an ICO to access underserved communities with blockchain technology and to promote global economical growth. Artificial intelligence funds failed to perform well during the market volatility in early 2018; Cody Willard has warned against bitcoin and recommended to buy in "after the (coming big) crash". An actively managed blockchain fund was launched into the crowded ETF field with bets on Square and AMD; Coinbase's first investment, Compound, allows you to earn interest on crypto; and Coinshares is teaming up for a new custodian solution for institutional investors. Japan Post Bank is to launch a $1.5bn in-house hedge fund as it embraces a new level of risk in a quest for greater returns; Tradecraft Capital ...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, May 19, 2018
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