Hedge Funds Increasingly Interested in Cryptocurrencies

PricewaterhouseCoopers International (PwC) has published a comprehensive report on cryptocurrencies. The study provides an overview of how hedge funds and asset managers are dealing with the new asset class on a global scale. The PwC group has published its third annual report examining the global crypto hedge fund landscape. This is based on data from research conducted […]

Federal Reserve Considers Central Bank Digital Currency (CBDC)

The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries, first and foremost China, as well as the increasing digitalization have intensified the discussion. The U.S. Federal Reserve did not reveal any specific plans for […]

China Bans Crypto Services

Chinese financial authorities have banned financial institutions and payment companies from offering services related to cryptocurrencies and warned investors against speculative crypto trading. Instead, they are developing a central bank digital currency (CBDC). Chinese financial officials announced that the country would crack down on financial institutions that operate cryptocurrency businesses or offer related services. The decision follows […]

eBay enables selling of non-fungible tokens (NFTs)

A week ago, eBay announced that payments with cryptocurrencies were under consideration. Now, the operator of one of the largest online marketplaces has decided to enable the buying and selling of non-fungible tokens (NFTs). Will the technology make the leap into the mainstream? The U.S. company eBay recently enabled the sale of non-fungible tokens (NFTs) […]

Tesla Suspends Payments with Bitcoin

A few months ago, US car manufacturer Tesla announced a billion-dollar investment in Bitcoin. Since then, it was also possible to buy electric cars with the cryptocurrency. This option has now been suspended, the reason being the carbon footprint of the Bitcoin blockchain. In February 2021, Tesla CEO Elon Musk described himself as a “big […]

UBS wants to offer cryptocurrencies to clients

Over the past year, some banks have expanded their services to cryptocurrencies due to strong demand. Especially in the US, this trend is picking up. Now UBS also wants to allow its wealthy clients to invest in cryptocurrencies. Internationally, banks have been rather skeptical about Bitcoin and other cryptocurrencies in the past. But according to Yan Zhao, […]

US Banks considering Bitcoin services

According to crypto custodian and Stone Ridge subsidiary NYDIG, hundreds of U.S. banks will soon allow trading and holding of Bitcoin. After a long period of reluctance, established financial services providers are also opening up to the new asset class. New York Digital Investment Group (NYDIG) is a subsidiary of Stone Ridge, a $10 billion […]

Crime with Cryptocurrencies – Regulatory and Market Evidence

Two authoritative market intelligence reports on the illicit use of cryptocurrencies, released in February 2021, evidence a marked decrease in the phenomena during 2020 – compared to 2019 – but also new worrying trends in the areas of ransomware and Decentralised Finance (DeFi). The most recent market intelligence on illicit use of cryptocurrencies made available […]

The perks and perils of trading bots

Cryptocurrency trading bots are intriguing. They automatically buy and sell cryptocurrencies while, theoretically, generating profit. Most of the available bots on the market, however, are not profitable. It is most likely that the most profitable crypto trading bots are proprietary and not available to the public and which you keep for yourself as your holy […]

Warren Buffet and Charlie Munger on Bitcoin

Berkshire Hathaway Vice Chairman Charlie Munger has lambasted Bitcoin in the company’s annual shareholder meeting over the weekend, despite its accelerated growth. CEO Warren Buffet has also made negative comments on Bitcoin in the past and criticized its volatility. US-american Investor Charlie Munger reunited with Warren Buffet in Los Angeles to discuss key topics in the industry, […]