Fidelity Launching Crypto Custody and Trading Services

Fidelity Investments has announced the launch of a new company dedicated to providing cryptocurrency services including custody and trade execution. The services will be available to institutional investors such as hedge funds, family offices, and market intermediaries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals New Crypto Company Formed Leading financial services … Read more

Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund

New research shows that one out of five hedge funds launched thus far this year has been a cryptocurrency-focused hedge fund. This is a surprising statistic in light of the 2018 bear market, but it may indicate that managers and investors are still optimistic about the long-term outlook and want to capitalize on current low … Read more

Report: Barclays Drops Plan for Cryptocurrency Trading Desk

Barclays (LSE: BARC) has reportedly scrapped its plan to launch a cryptocurrency trading desk. However, it remain unclear whether the U.K. banking giant is acting under pressure from regulators or for other reasons, such as insufficient demand for crypto-related services from hedge funds. Also Read: Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a … Read more

Bitcoin Price Watch: A Spiking Price Could Mean Bitcoin Ends the Year on a High Note

At press time, the father of cryptocurrency is back up to $6,700. This is about $100 higher than where it was yesterday, and about $300 higher than where it’s stood all week. Bitcoin has allegedly been on the brink of recovery. Following the news that the Securities and Exchange Commission (SEC) had rejected nine separate … Read more

Study: Crypto Funds Number 466 Despite Trends, Uncertainty

The number of crypto hedge and venture capital funds is increasing at a fast pace this year, already reaching a total of 466, despite the bearish market trend and continuing regulatory uncertainty. 96 new funds have been founded by the end of July, according to a new study whose authors believe this year’s number will … Read more

The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC Relaunches

Recent updates about the operations of cryptocurrency exchanges is the main focus in today’s edition of Bitcoin in Brief. Stories include the official opening of Coinbase Custody, a spat between Hitbtc and John McAfee, the relaunch of the BTCC exchange and Huobi’s postponement of Hadax voting. Also Read: Luxury Marketplace Fancy Offers Discount for Bitcoin … Read more

20% of Financial Institutions Examining Starting Cryptocurrency Trading Soon

The cryptocurrency trading market is about to receive an influx of more big banks, hedge funds and other financial institutions within the next few months to a year. A new survey shows that while most are keeping quiet in public about their crypto plans, many are preparing to enter the field. Also Read: Barclays Testing … Read more

Crypto Funds Drop 29.2% in March Reveals Hedge Fund Data Specialist

In theory, hedge funds employ complex investment strategies that should allow them to achieve high returns both in bearish and bullish markets. In practice many fail due to short term thinking and over-leveraged trading. These can be especially costly and not suitable for the young and volatile cryptocurrency market as any long time bitcoin HODLer … Read more