The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” … Read more
Institutions’ investment in crypto has increased in 2022 despite the bear market, according to a recent survey by Fidelity Digital Assets. In particular, the amount of large investors betting on Ethereum have doubled in the last two years, as revelead by Chris Kuiper, the Head of Research at Fidelity Digital Assets in a recent interview with Cointelegraph. … Read more
Fidelity Digital Assets is adding support for Ethereum trading for institutional trading effective at the end of the month. The news comes through a widely amplified screenshot of a leaked email that was reportedly sent to the firm’s clients. Lets take a look at what we know in the early days around this leak, with … Read more
Institutional adoption of digital assets is “moving very, very fast,” and much faster than the rate nascent industries ordinarily develop at, says Coinbase Senior Advisor John D’Agostino. In an Oct. 18 interview with SALT moderated by Anthony Scaramucci, D’Agostino said that new asset classes often take time to develop, as “institutional inertia is a very … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Nia Williams and Divya Rajagopal Article content Institutional investors are returning to the Canadian oil and gas sector with gusto after shunning the industry over ESG concerns in recent years, but the appetite for new energy listings remains limited due to wider market … Read more
CNN — As women burn headscarves and cut off their hair in nationwide protests, an Iranian official on Tuesday said that school students participating in street protests are being detained and taken to mental health institutions. In an interview with an independent reformist Iranian newspaper, Iran’s Education Minister Yousef Nouri confirmed that some school students … Read more
Pakistan Army chief General Qamar Javed Bajwa on Saturday asked the country’s future military officers to “respect” the democratic institutions and not to get “distracted’ by fake news and political wrangling. Addressing a passing out parade at the prestigious Pakistan Military Academy (PMA), he told the cadets that they should “respect the democratic institutions and … Read more
As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started its preparations to offer digital asset custody services to institutional clients. The company has reportedly created a new group focusing on digital assets and will start with offering Bitcoin (BTC) and Ether (ETH) custody services for institutions. The … Read more
Breadcrumb Trail Links FP Investor Financial Times Wealthy individuals viewed as new market for asset classes such as credit, private equity and real estate Author of the article: Financial Times Madison Darbyshire in New York Until recently, just a handful of institutional products have been available to retail investors such as Blackstone’s flagship Real Estate … Read more
A saturated market for institutional clients is pushing asset managers to pursue another business: selling so-called alternative investments to rich individual investors. Alternatives stray outside mainstream portfolios of stocks and bonds into such asset classes as credit, private equity and real estate. Harder to trade and often walled off by accreditation requirements, they have historically … Read more