Alternatives
State Street Launches Digital Division
The new unit will be led by Nadine Chakar, head of State Street Global Markets.
Tag: Cryptocurrency
Risk
Five Charged in $2 Billion Unregistered Crypto Offering
The SEC says the now-defunct BitConnect platform advertised 40% ‘no risk’ monthly returns.
Alternatives
A Crypto Crackdown? Yardeni Sees One Coming
The economist joins numerous government leaders these days who want to regulate or ban the digital currency.
Market Moves
Cathie Wood: The Big Risk Is Deflation, Not Inflation
The founder of Ark Invest laid out potential market winners and losers if her prediction pans out.
Alternatives
Investing in Bitcoin Is Like a Venture Capital Play, Virginia Pension Chiefs Say
Allocators from two Fairfax County plans favor managers with a ‘multi-strategy approach’ to both VC and cryptocurrencies.
Alternatives
Pension Fund Increases Its Blockchain Technology, Bitcoin Allocations
CIO Katherine Molnar will speak at the CIO Symposium on May 12 with CIO Andrew Spellar.
Risk
FBI Arrests Alleged Operator of Longest-Running Bitcoin Laundering Service
Authorities say Roman Sterlingov ran Bitcoin Fog on the darknet, which laundered an estimated $336 million.
Regulation
IRS Seeks to Track Down Cryptocurrency Tax Scofflaws
Court grants summons to identify taxpayers using Circle Internet Financial to conduct cryptocurrency transactions.
Alternatives
Coinbase Has a Splashy Debut, Bitcoin Is Soaring … But Fund Managers Are Downbeat
Mutual fund chiefs overwhelmingly think Bitcoin is a bubble that will pop, BofA survey shows.
Regulation
Extortionist Pleads Guilty to Crypto Firm Shakedown
Michael Hlady, who claimed to be part of the FBI, CIA, and NSA, threatened to ‘destroy’ a startup.
Asset Management Culture
More Investors Are Allocating to Emerging Alternatives Managers
The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.
Alternatives
Cryptocurrencies Still a Speculator’s Game, Warns S&P Global
But central bank digital currencies could disrupt the banking industry’s business model.
Risk
Cryptocurrency Firm Co-Founder Gets 8-Year Prison Sentence for ICO Fraud
Sohrab ‘Sam’ Sharma was also ordered to forfeit more than $36 million.
Risk
McAfee Indicted for Fraud, Money Laundering Conspiracy Crimes
Former software firm founder could spend the rest of his life behind bars if convicted.
Risk
Cryptocurrency Firm Founder Indicted in Alleged Multimillion Dollar Scam
Kristijan Krstic, aka Felix Logan, allegedly absconded with $7 million of investors’ money.