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Cryptocurrency exchange Coinbase has penned a partnership agreement with One River Digital Assessment Management to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments, and engage in related activities.Detailed in an official blog post, Coinbase claime that the creation of the ONE Digital SMA will grant
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“For the third week in a row, institutional participants have been investing in crypto funds, according to CoinShares. On the intraday chart, you can see purchases at the close of the American session, which clearly demonstrate the interest of the institutionalists in this region,” Kuptsikevich noted. Original Source
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Earlier this week, Finance Minister Nirmala Sitharaman announced that profits from the sale of virtual assets would be taxed at a flat rate of 30% without any deductions or exemptions. The rate is on par with the highest income tax band, which applies to individuals earning more than 1.5 million
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The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software
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Brett Tejpaul told MicroStrategy CEO Michael Saylor that increase in business has prompted an increase in the institutional group's size, from about a dozen people to 150. Institutions need to know they can transact their business in large volume, and that will be even more important in coming years, he
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Bitcoin and the crypto market at large had suffered outflows that coincided with the massive sell-offs that rocked the market. This contributed to the downtrend that saw bitcoin touch towards six-month lows while investors who had gotten into the market later suffered massive losses. This outflow trend is beginning to
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In the case of the LAB577 acquisition, it’s all about blockchain engineering chops: the startup’s leader, Richard Crook, will become BCB, chief operating officer, while his engineering lead Farzad “Fuzz” Pezeshkpour becomes the CTO of BCB Group. Source
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After recording heavy outflows at the start of 2022, cryptocurrency investment funds have seen a gradual uptick in investor demand over the past two weeks, offering cautious optimism that the worst of the market downturn had passed.Digital asset investment products saw $19 million worth of cumulative inflows last week, according
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The institutional arm of the Consensys-owned MetaMask has integrated its first multi-chain digital asset custody solution called Cactus Custody.MetaMask Institutional (MMI) initially partnered with Cactus Custody owned by crypto financial service platform Matrixport in October last year to incorporate its “DeFi Connector” feature into MMI’s suite of services. The full
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After five weeks of constant outflows, institutional investment is finally trickling back into crypto funds with BTC the asset of choice and ETH falling out of favor.In its weekly Digital Asset Fund Flows report published on Jan. 24, crypto investment firm CoinShares observed inflows for some institutional products.It is the
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