Marc Lasry, billionaire hedge fund manager, and Chris Giancarlo, former commodity futures trading commission chairman are two heavyweights who invested in crypto-asset and blockchain investment firm BlockTower Capital.
Bitcoin isn’t widely used in transactions, but users have been known to buy expensive cars, houses, and boats with the cryptocurrency. Now, it may also be a payment option at casinos.
In the depths of the March panic, bitcoin’s valuations didn’t diverge much from intrinsic levels, meaning that its value only briefly dipped below mining costs even as volatility spiked. There was also little sign of a flight to liquidity...
As institutional interest in cryptos ramps up, a slew of companies ranging from BitGo to Genesis have been launching new prime brokerage services geared toward these underinvested, big money advisory firms...
Banco BTG Pactual SA, Latin America’s biggest standalone investment bank, has teamed up with Dubai asset manager Dalma Capital to sell more than $1 billion worth of security tokens.The partners have a pipeline of deals for tokenization (the process of transforming real assets into tradeable digital contracts). Dalma plans to tokenize property and sports clubs, while BTG has already sold real estate-backed tokens.
A new digital exchange will enable investors to trade in companies—including Apple, Facebook, and Tesla—outside of the U.S. even when the stock markets are closed. DX.Exchange, which has offices in Estonia and Israel, will offer digital tokens based on share of 10 Nasdaq-listed companies with plans to expand to the New York Stock Exchange.