Institutional Investors See Japan As A Real Estate Darling
A weaker currency and low interest rates are drawing Asia-Pacific property investors to Japan, although similar factors have not helped China’s bruised real estate market. Both Japan and China have kept interest rates relatively low, despite US rate increases, and both have seen weaker currencies as a result -normally a push factor for cross-border institutional investors.
Top Facebook Engineers Leave For A16z Crypto Fund
Two of Facebook's top engineers on its blockchain and digital currency project left the company to join Andreessen Horowitz's crypto team, says the venture capital firm.
Bitcoin's Intrinsic Value Will Rise As Institutional Investors Flock To Crypto
"The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional investors is very advanced," JPMorgan said. As conditions normalize, a pickup in mining activity will likely see an increase in the intrinsic value.
Singapore Allows Global Cryptocurrency Firms To Expand Local Operations
Singapore is introducing new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licenses for the first time.
Pension Funds In Ex-Con’s $30M Blockchain Fraud Scheme
An Essex County woman was arrested for her alleged role in an online currency fraud scheme that encouraged investors to hand over $30 million, authorities said. She posed as a wealthy investor who provided millions in seed money to CG Blockchain Inc.
Billionaire Wall Street Titan Henry Kravis Places First-Ever Crypto Bet
Henry Kravis, co-founder of Kohlberg Kravis Roberts & Co., is now invested in a cryptocurrency fund. He follows in the steps of other finance hotshots such as Alan Howard, Louis Bacon, and Peter Thiel, who have all got involved in crypto.
LA Dodgers Minor Leaguer Retires At 22 To Launch Crypto Hedge Fund For Athletes
Cryptocurrencies are the wave of the future that will be ushered in by Millennials, says Tyler Adkison, a cryptocurrency hedge fund CEO. At 22, he retired as a minor league baseball player with the Los Angeles Dodgers to launch a crypto hedge fund focused exclusively on athletes.
VC Funding Into Cryptocurrency Startups Surges
<span font-size:="" helvetica="" style="color: rgb(0, 0, 0); font-family: Merriweather, ">While ICOs were supposed to disrupt venture capital, such funding in blockchain-based companies is surging, with startups raising $434 million since December, the most ever in a three-month period, according to CoinDesk data.</span>
Crypto Craze Finds Few Fans At Endowments
Endowments and foundations are steering clear of the crypto-craze. Ninety-six percent of top officers at these organizations said they aren’t investing in cryptocurrencies and have no plans to do so, according to a survey released by consulting firm NEPC. However, many of them are intrigued.
How Currency Investors Are Bracing For A Full-Blown Trade War
In foreign-exchange markets, investors aren’t waiting to find out if all the tariff threats being thrown around lead to a full-blown trade war. Some money managers have begun piling into traditional havens like the yen; others are trimming currency exposure altogether; and even those who are betting not much will come from the row are hedging just in case.