Corporate Moves
Citigroup Launches Digital Asset Unit
Digital Assets Group will be co-led by Alex Kriete and Greg Girasole.
Tag: Cryptocurrency
Will Bitcoin Supplant Gold as a Store of Value?
Gold has fallen off with the rise of Bitcoin. What is the outlook for this traditional asset?
Alternatives
New 401(K) Plan Platform Offers Cryptocurrency Investments
ForUsAll’s Alt 401(k) platform allows participants to invest in more than 50 cryptocurrencies.
Dentist-Turned-Investment Adviser Charged in Three Frauds by SEC
Edgar Radjabli is accused of manipulating the securities market for Veritone, among other schemes.
Alternatives
State Street Launches Digital Division
The new unit will be led by Nadine Chakar, head of State Street Global Markets.
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.