Assets

A United States-based firm, Cambridge Associates, a pensions and endowments consultant with more than $388 billion in assets under advisement (AUM), has revealed that institutional investors should start delving into the blockchain and cryptocurrency sector.

New Zealand (NZ)-based crypto exchange giant Cryptopia has issued an update concerning how much funds were lost during the hack of January 2019. According to the latest update, the company sat down and calculated all its holdings in a worst-case scenario and discovered 9.4% of their total crypto assets were lost to malevolent hackers.

The Swiss private bank sector is accelerating its moves to become a more formidable global player in the cryptocurrency space. Julius Baer declared on February 26 that it would provide cryptocurrency services to all esteemed customers across the globe.

It is predicted that, by 2023, alternative assets such as crypto (Bitcoin, Ripple, Ethereum, Litecoin and others), precious metals and other collectables will amass 14,000 billion USD of the Italian market with a growth rate (GR) of 59% as compared to 2017, gathered and managed by 34,000 investment firms and managers worldwide (up 21% compared to last year) - according to the Prequin report.

11/02/2019 Singapore: LaLa World, a Singapore based FinTech organization, launched its multi- cryptocurrency wallet today. The wallet, christened ARAX, supports multiple Blockchains, coins,  and tokens natively. Arax Wallet will address the absence of utility of cryptocurrencies which has impeded global adoption of these digital assets.

Grayscale is one of the biggest institutional holders of Bitcoin (BTC) with a total of $797 million Assets Under Management (AUM) at the end of last year, down from a high of more than 2.8 billion, Medium reports.

2018 has been a long and challenging journey for most cryptocurrency exchanges and the industry at large. As fabled investor Warren Buffett loves to say “only when the tide goes out do you discover who's been swimming naked.” Every time any exchange is attacked the market is going down together with all crypto assets. Coinidol has collected eight cases of fails among world crypto exchanges in 2018.

The use of Blockchain technology and Cryptocurrencies has been significantly increasing among different companies, institutions, people and businesses, due to the hype surrounding it in terms of its major benefits including more secure transactions, an increase in userbase, lower fees, averting chargebacks and quicker funds clearance.

In the economy of knowledge, what people know or know how to do, is one of an individual’s major assets. But people need the tools to acknowledge competences in a reasonable and shared manner and to be able to heighten them in the economic system. Several initiatives are afoot, in which Italy is the champion.