Asset Allocation
UK Pension Allocates 3% of Portfolio to Bitcoin
According to pension adviser Cartwright, an unnamed client allocated a single-digit percentage to the digital asset.
Tag: Cryptocurrency
Alternatives
Treasury’s Record $4.3B Crypto Exchange Fine Adds to Pressure on Digital Assets
Binance was fined for money-laundering just after Kraken was charged and less than one month after a jury found FTX's Sam Bankman-Fried guilty of fraud.
Risk
SEC Accuses Kraken of Operating Unregistered Securities Exchange
The charge will only stick if the court agrees with the SEC that the tokens involved are, indeed, securities.
News
Coinbase Keeps Expanding Despite Financial, Regulatory Woes
Battered crypto exchange sets up international operation, even as SEC scrutinizes its business practices.
Asset Allocation
Coinbase Acquires One River Digital
The digital asset manager will become Coinbase Asset Management, with CEO Eric Peters remaining on board.
Newsmakers
Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX
Investment firms allegedly made ‘deceptive and misleading statements’ to promote the failed crypto exchange.
Risk
Crypto Bloodbath Won’t Stop Spreading, as Some Lose the Right to Their Money
A bankruptcy judge’s ruling against customers in the Celsius case is the latest blow.
Newsmakers
Ontario Teachers Pension Could Lose $95 Million on FTX Investment
The $183 billion Canadian pension fund said its exposure to failed crypto exchange was minimal.
Regulation
Kim Kardashian Agrees to Pay SEC $1.26 Million for Touting Crypto
Reality TV star also agreed not to promote digital tokens for three years for failing to disclose promotional payment.
Risk
Criminality Proves Resilient During Crypto Crash
Losses from cryptocurrency hacks rise 60% during first seven months of 2022.
Asset Allocation
CDPQ Loses 7.9% in First Half, Writes Off Crypto Loss
Canada’s second largest pension is looking at legal options over failed $150 million crypto investment.
Newsmakers
Latest Sign of Crypto Decline: Scaramucci Bars Fund Redemptions
Despite a small bitcoin rally recently, several notable financial firms are retreating from digital currencies or running into trouble.
Newsmakers
Another Headache for Crypto: Blockchain Is Vulnerable, Study Says
The digital ledger, touted as safe from tampering, isn’t really that secure, per DARPA.
Risk
Maybe, Just Maybe, Bitcoin Has Hit Bottom
Technical indicators point to a possible low point for the battered cryptocurrency, say Glassnode researchers.
Asset Allocation
How to Manage Investing in Alternatives
LACERA’s Grabel and WTW’s Vodolazschi explore this wide-ranging asset category in CIO's webinar.