wealth
Are Blockchain and Tokenization the Holy Grail in Eradicating Wealth Inequality?
Blockchain and tokenization could prove to be ideal in fighting the wealth inequality challenge as they can break the vicious cycle of wealth inequality by prompting ownership of high-performing asset classes. This will enable any person to invest and partially own lucrative assets, such as commercial real estate.
Could Bitcoin’s Next Price Boost Come from $8.5T in Sovereign Wealth Funds?
A prominent on-chain analyst believes Bitcoin's next boost is likely to come from sovereign wealth funds which hold around $8.5 trillion AUM, being managed by nations.
Crypto Bull Anthony Pompliano Reveals That 80% of His Wealth Is Bitcoin
Anthony "Pomp" Pompliano, the co-founder of Morgan Creek Digital and host of the Pomp podcast show, disclosed that 80% of his wealth was allocated to Bitcoin.
US Wealth Manager Confirms on CNBC that PayPal Will Enable Merchant Cryptocurrency Payments
Wealth manager, Sandi Bragar, considers PayPal as the best choice for businesses because of its bet on cryptocurrency.
OCC’s Brian Brooks Proposes ‘Country Coin’ Crypto Scheme to Close Global Wealth Gap
Brian Brooks, the acting Comptroller of the Currency, has a big crypto proposal to close the wealth gap between developing and developed nations - it's called “country coin.”
“LU HK” Mobile App Brings a New Paradigm to Online Wealth Management, With No Entry Barriers and No Limits
Lu International (Hong Kong) Limited has launched its LU HK mobile application, offering 24-hours-a-day, seven-days-a-week integrated wealth management services to Hong Kong customers.
JPMorgan Chase Expands Crypto Trading Services to All Clients
JPMorgan chase bank has become the latest major bank in the US to offer all wealth management clients access to crypto funds.
Canada should 'plant a flag' in crypto, Says Wealthsimple Co-founder
The head of Crypto and stock trading platform Wealthsimple said the Canadian government should work on growing cryptocurrency and blockchain companies in the country.
Bitcoin ETF Approval Expected to Propel Market Influx
The fervor surrounding a US-regulated spot Bitcoin ETF is palpable, with its approval expected to significantly bolster Bitcoin's market adoption. Addressing the current inefficiencies in Bitcoin investment, a spot ETF promises cost efficiency, enhanced liquidity, ease of access, and regulatory compliance. The formal recognition by regulators and established financial brands could further fuel Bitcoin's market acceptance. The estimations indicate a substantial market influx post ETF approval, not just within the US but potentially extending to global markets, laying the groundwork for a robust 2024 for Bitcoin, as per the analysis by Charles Yu of Galaxy.
HashKey Launches Wealth Management Platform for Institutional Investors
HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.
Binance CEO Changpeng Zhao Named as the Richest Ethnic Chinese Person: Caijing Reports
Changpeng Zhao, the CEO of Binance cryptocurrency exchange, has been tagged the richest ethnic Chinese person alive, according to local media from China reports.
Wealth Management's Future: Embracing Innovation for the Next Investment Era
New research outlines the necessity for wealth management firms to adapt to technological advancements and altering investor profiles for future success.
Binance CEO CZ Surpasses Tech Giant, Holding World's Biggest Crypto Fortune with $96B Net Worth
Changpeng Zhao, the CEO of Binance cryptocurrency exchange, enjoys a fortune of $96 billion, who become the richest person, surpassing many tech giants, including Facebook's Mark Zuckerberg.
Wealthfront To Enable Cryptocurrency Investments for its Clients
Wealthfront is the latest mainstream firm that plans to offer cryptocurrencies to its clients.
Making Sense of the Cryptocurrency Market as a Beginner
The cryptocurrency industry can be a daunting place for beginners. Given the breakneck pace of development, sheer number of cryptocurrencies, and staggering wealth of information available, it’s not easy to keep up.
Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC
The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).
Oman Government Buys Equity Stake In U.S Bitcoin Miner Crusoe
Oman Investment Authority increased investments in the U.S. firm as part of efforts to solve glaring concerns in the country.
Gemini Enters Wealth Management After Acquiring BITRIA
Gemini announced that it has acquired BITRIA to provide a digital asset ecosystem for wealth management institutional asset managers.
National Australia Bank to Launch Ethereum-Based Stablecoin
NAB will introduce an Ether-based Australian dollar-pegged stablecoin. Reports say the AUDN stablecoin streamlines cross-border transfers and carbon credit trading.
Citi Bank Launches "Digital Asset Group" for Developing Crypto Products
Citi group announced a "digital asset group" has been launched in its wealth management department for developing crypto-related products.
Exclusive: Bitcoin - The Killer App in Africa and Latin America?
We are glad to have an in-depth interview with Ray, CEO of Paxful on Paxful’s strategies into Africa and Latin America. He also explained the biggest challenge in driving Bitcoin adoption: how to deal with scammers!
19 Crypto Billionaires Rank among Forbes’ Annual World’s Billionaires List, Increased by 58% from Last Year
The number of crypto billionaires increased from 12 in 2020 to 19 in 2021, increased by 58%, according to the Forbes’ Annual World’s Billionaires list.
Australias Commonwealth Bank Halts Crypto Rollout
CBA conducted an initial pilot but paused the project with no time set when the second pilot would take place.
Australian Top Bank Commonwealth Bank to Offer Cryptocurrency Trading for Retail Customers
The largest bank in Australia – Commonwealth Bank of Australia (CBA) – is set to develop a platform that allows its customers to trade cryptocurrencies.
Hong Kong Monetary Authority Emphasizes AI and DLT in Fintech Roadmap
The Hong Kong Monetary Authority (HKMA) has released a Fintech Promotion Roadmap, aiming to promote fintech adoption in the financial services industry. The roadmap includes key fintech sectors like Wealthtech, Insurtech, and Greentech, and introduces AI and DLT. It aligns with HKMA's "Fintech 2025" strategy.
Wealthfront Adds Crypto Investments to Its Trading Offerings
Wealthfront finally begins offering crypto exposure to its clients. Clients will be able to allocate up to 10% of their total portfolio to the two trusts.
Beyond Banking: DBS Bank’s Digital Transformation into Smarter ‘Phygital’ Banking Services
In 2019, despite facing an increasingly challenging and uncertain environment, especially the second half of last year, DBS achieved a record performance and successfully launched DBS’ First Fully Virtual Wealth Management Account Opening Solution.
Australian Online Broker SelfWealth Becomes the First Platform to Add Crypto for Trading
Australian online broker SelfWealth plans to list 10 cryptocurrencies, including Bitcoin and Ethereum, on its trading platform for trading before the end of this year.
Forbidden Wealth: 80,000 Bitcoin Abandoned for Nearly a Decade
A BTC wallet address said to be associated with the now-defunct Mt. Gox Exchange holding an estimated 80,000 Bitcoin worth around $800 million is said to be untouched revealed by a source on Feb 17.
Bitwise and ETF Trends : 64% of US Financial Advisors expect Bitcoin Price to Appreciate Over Next 5 years
Around half of all wealth in America is managed by financial advisors, but how much of that wealth are they comfortable allocating to cryptoassets?
Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth
Tom Jessop, President of Fidelity Investments digital assets arm said his firm still uses the word “potential” when describing volatile Bitcoin’s ability to act as a store of value
Earn Additional Yield on Your Crypto20 Investment
Invictus Capital continues in their pursuit to provide their community with unique wealth creation opportunities.
Amazon CEO Jeff Bezos is Worth More Than Bitcoin’s Market Cap
It was recently announced that Amazon CEO Jeff Bezos’s wealth has surpassed that of Bitcoin’s market cap, meaning Bezos’ wealth has soared up to $171.6 Billion—the icing on the cake to top off his pre-divorce financial record.
SEC Makes ICO Token Sales More Inclusive, Not Enough For SEC Commissioner Hester Peirce
The US SEC has modernized their definition of an 'accredited investor' to consider not just an individual’s wealth, but their education.