Franklin Templeton considers new altcoin-focused crypto fund
Franklin Templeton is reportedly considering a private fund for institutional investors dedicated to altcoins. Go to Source
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US political change could expose crypto to $20T industry: Bitwise
Regulatory uncertainty is holding back the $20 trillion dollar financial advisory industry from investing more in crypto, claims Bitwise investment head Matt Hougan. Go to Source
JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products. Go to Source
Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard
During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% … Read more
Franklin Templeton files for Bitcoin spot ETF
Several prominent financial institutions have filed for a spot Bitcoin product in recent months. Go to Source
‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss
With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.” Go to Source Powered by WPeMatico
Prometheum subsidiary receives FINRA approval for digital asset qualified custody
The approval marks the first time a digital asset custody provider has come under federal regulation as the SEC tightens custody rules. Go to Source Powered by WPeMatico
Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit new lows. Banking Industry on Edge as Pacwest Shares Sink … Read more
Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been a great deal of conjecture … Read more
Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview
Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin during an interview on CNBC’s Squawk Box on April 12. As he has done in previous interviews, the business magnate likened bitcoin to a gambling scheme and chain letters he received as a child. Buffett Shares His Two Cents on Bitcoin, … Read more