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New York-Based Asset Manager Closes $190M Round for Bitcoin Institutional Fund

New York Digital Investments Group (NYDIG) raised $190 million from 24 investors for another bitcoin fund. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency

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Buying Bitcoin at $8k or $9k Won’t Matter in 2 Years: Fund Manager Explains

The past few weeks have seen Bitcoin stall in the $9,000s as bulls have failed to maintain the pressure they applied starting after March’s crash.With the indecision in the cryptocurrency market and global markets more broadly, investors have been deliberating purchasing BTC in the $9,000s or waiting for a retracement

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Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new

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Global Index Fund Manager Successfully Trials Blockchain Securities

Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS).The pilot has seen Vanguard partner with a large U.S.-based ABS provider, distributed ledger technology provider Symbiont, and financial institutions BNY Mellon and Citi,

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Bitcoin Fever: Big Whale Hedge Fund Manager Paul Tudor Buys BTC

Paul Tudor Jones, a highly reputed hedge-fund manager and founder of Tudor Investment Corporation, has made it clear that Satoshi Nakamoto’s Bitcoin, the world’s flagship cryptocurrency is a safe-haven asset to hedge against “great monetary inflation,” and as such, he’s going all-in on Bitcoin (BTC), according to a Forbes report

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Wall Street Firms Advise Clients Against Investing in Crypto, Says Wealth Manager

JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager. Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for digital assets, claimed that his firm almost lost a client due to the banks’ intervention.In an interview

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