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Mapping out M&A acquisitions within the digital asset industry

Mapping out M&A acquisitions within the digital asset industry

Quick Take Since 2013, a total of 134 M&A transactions have been conducted within the blockchain sector, with a reported total value of approximately $2.7 billion Cryptocurrency exchanges have led the way for the most number of M&A deals The Block has provided a directory on the details of each deal, including the purchaser, date, …

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JPMorgan Analysts: Bitcoin Is Likely to Survive (as a Speculative Asset)

JPMorgan Analysts: Bitcoin Is Likely to Survive (as a Speculative Asset)

Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March’s global financial meltdown, according to analysts at one of the world’s largest investment banks. In a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairly …

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Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Asset Manager Wilshire Phoenix Files to Launch New Bitcoin Investment Trust

Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum …

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Mapping out Xpring’s digital asset ecosystem investments

Mapping out Xpring’s digital asset ecosystem investments

Quick Take While investing is not Xpring’s core business focus, it has invested at least $500 million across 27 investments Notable investments include an allocation of $100 million to Forte for a blockchain gaming fund and investment in areas involving Open Finance Xpring made a total of 18 investments in 2019, its deal involvement has …

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Regulatory uncertainty keeps traditional asset managers out of the crypto space, survey takers say

Regulatory uncertainty keeps traditional asset managers out of the crypto space, survey takers say

More than half the participants in a recent The Block Research survey say that regulatory uncertainty is keeping traditional asset managers from entering the crypto and digital asset space. The Block completed 38 interviews with firms in our sample set, drawing on professionals who predominantly work in the digital asset sector. The list of participants …

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XRP may be emerging as a rebalancing asset for Ethereum users

XRP may be emerging as a rebalancing asset for Ethereum users

The cryptocurrency market has been tough on many of the market’s cryptos, largely owing to the constant fluctuation in prices. XRP has been one such coin whose price has been restricted under $0.20 since the market crash in March. However, its low trading price and low transaction fees have provided an alternative to many Ethereum …

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$166B Asset Manager Renaissance Eyes Bitcoin Futures for Flagship Fund

$166B Asset Manager Renaissance Eyes Bitcoin Futures for Flagship Fund

Renaissance Technologies’ market-crushing Medallion fund is considering jumping into bitcoin futures, recent regulatory filings show. The quantitative analysis-heavy firm has “permitted” the Medallion fund to enter the Chicago Mercantile Exchange’s (CME) cash-settled bitcoin futures market, according to the March 30-dated Form ADV investor brochure.  Renaissance, which had nearly $166 billion in regulatory assets under management …

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