Binance Founder CZ's Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg
Changpeng Zhao's wealth dropped to $17.2 billion from a previous estimate of $29.1 billion. Source
Read More
Wealth
Norway’s Sovereign Wealth Fund Suffers $34B Loss in Q3 2023
As the largest sovereign wealth fund worldwide, the Norways’s Government Pension Fund Global boasts a robust portfolio across different sectors within the financial market. Norway’s Government Pension Fund Global, created in the 1990s to manage surplus revenues from the country’s thriving oil and gas sector, faced significant hurdles in its third
Read More
BTC Price Shows Crypto Winter May Be Over: Morgan Stanley Wealth Management
“By intentionally limiting the supply of new bitcoin, the shortage caused by the halving can affect the price of bitcoin to potentially spur a bull run,” Galindo said, adding that there have been “three such runs on bitcoin since its inception, each lasting 12 to 18 months after the halving.” Source
Read More
Safeguarding Wealth in the Digital Age – Blockchain News, Opinion, TV and Jobs
In the ever-evolving landscape of finance and investment, the debate over where to place one’s wealth has taken on new dimensions with the advent of cryptocurrencies.
Read More
Morgan Stanley to Deploy AI Chatbot with OpenAI for Wealth Clients
The new AI chatbot will allow Morgan Stanley cater more effectively to its growing wealth division and the teeming clients there. American financial services company Morgan Stanley is looking to introduce an artificial intelligence (AI) chatbot in interactions with its wealthy clients. Morgan Stanley developed the chatbot in collaboration with OpenAI, the company behind ChatGPT. Both
Read More
Wealth Managers Embrace Tax-Optimized Separately Managed Accounts for Direct Ownership and Professional Management
Separately managed accounts have been growing rapidly over the past 10 years, with assets under management growing from $550 billion in 2011 to $1.7 trillion in 2021. Wealth managers chose SMAs due to the key advantages of tax optimization, direct ownership, professional management and customization. For those same reasons, the
Read More
Tokenized Asset Firm Securitize Agrees to Buy Digital Wealth Platform Onramp
"With technology valuations significantly down and VC investment drying up, there is now a new opportunity for companies with a strong balance sheet and a growing business, like Securitize, to accelerate the digitization of finance and our role in driving it," Domingo told CryptoX. Source
Read More
MKR Holders See Wealth Grow by Over 100% Amidst Price Boom
MakerDAO (MKR) has navigated a tumultuous path in the Decentralized Finance (DeFi) market since June, marked by regulatory pressures and various challenges
Read More
BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says
$30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas. That is the estimated amount of assets controlled by financial advisors in the U.S., who would be willing
Read More
The Center of Asian Crypto Wealth Is Ready for a Reset after Terra
Sooner than later, CZ and Balaji moved on, though. Zhuling Chen, founder and CEO of staking access startup RockX, his second crypto startup in Singapore, said that his view of the local crypto community is decidedly different from a luxury island for conspicuous billionaires. He describes a racially and gender
Read More