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Showing 1 - 10 of 71 results for "cryptocurrency"

State Street launches dedicated crypto, blockchain business

JAMIE WILLIAMSON  |  FRIDAY, 11 JUN 2021
As an increasing number of institutions allocate to cryptocurrency and explore blockchain solutions, State Street is launching a dedicated digital finance division, appointing the current head of global markets to lead it. State Street Digital builds ...

ATO cracks down on crypto

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
The Australian Taxation Office is cracking down on cryptocurrency investors to report capital gains and losses in their tax returns after fears investors may think they are tax-free. The ATO estimates that 600,000 taxpayers have invested in crypto assets ...

ASIC issues warnings on investment scams

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
... ASIC logos or advertising that the investment is approved by ASIC. ASIC is warning consumers to take caution with cryptocurrency investments as they are mainly unregulated and noted that most reputable news outlets do not offer specific investments as ...

Ethereum overtakes big four banks

ANNABELLE DICKSON  |  TUESDAY, 4 MAY 2021
The second-largest cryptocurrency has reached new heights, with its market capitalisation surpassing that of the big four banks combined. Ethereum has a US$353 billion market cap, overtaking NAB, Westpac, ANZ and Commonwealth Bank. At the time of publishing ...

Crypto chosen over defensive assets

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... asset exchange BTC Markets latest survey of over 2000 investors revealed 12.6% of respondents have investments in cryptocurrency followed by precious metals (12.1%), fixed income (9.9%) and annuities (7.7%). BTC Markets chief executive Caroline Bowler ...

Investors on red alert despite vaccines

KARREN VERGARA  |  MONDAY, 22 FEB 2021
... 32% see Special Purpose Acquisition Companies (SPACs) heading into correction territory. Those in Asia predict cryptocurrency will experience a correction, while investors in the UK believe the tech sector should brace itself for a correction. Natixis ...

BNY to launch crypto admin platform

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... Mellon will establish a new asset servicing unit that will cater to the growing demand for digital assets such as cryptocurrency. The digital assets unit, which will be led by Mike Demissie as head of advanced solutions, is currently developing the prototype ...

Best, worst investment ideas for 2021: ARK

ELIZABETH MCARTHUR  |  TUESDAY, 2 FEB 2021
... network capitalisation during the next five to 10 years." ARK also predicts institutional investors will jump on the cryptocurrency bandwagon. For example, US insurance giant MassMutual invested $100 million in Bitcoin in 2020. Billionaire investor Stanley ...

BlackRock readies for crypto exposure

KARREN VERGARA  |  FRIDAY, 22 JAN 2021
The world's largest asset manager is flirting with the idea of investing in cryptocurrency, priming two of its global funds to potential exposure to bitcoin futures. Two filings with US watchdog the Securities and Exchange Commission reveal that two ...

Raiz launches custom portfolio option

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... internationally focused, or more focused on sustainability," Raiz said. "Or, if a user would prefer to include cryptocurrency in their portfolio, they can choose to have up to a 5% target weight in Bitcoin." Raiz confirmed there would be on brokerage ...
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