Former Wall Street executive Mike Novogratz has recently predicted that mass adoption of crypto and blockchain is “still five to six years away,” Blokt blockchain and tech news outlet reports July 19. Speaking at the Beyond Blocks conference in South Korea, Novogratz, CEO and founder of crypto investment firm Galaxy Digital, still expressed confidence that many institutions will come into the industry “in the next two to three years,” claiming that “without that, we will be running in circles.” However, the mass adoption of crypto and blockchain technology will come not earlier than in a half a decade, Novogratz added …

The first-ever crypto investment report released July 18 by digital asset management fund Grayscale Investments reveals that the majority of capital inflow this year is coming from institutional investors. Grayscale has been overseeing investments into crypto for five years, launching a Bitcoin (BTC) Investment Trust back in September 2013 and then expanding to other single-asset funds — including Ethereum Classic (ETC), Zcash (ZEC) and Litecoin (LTC) — as well as diversified offerings, notably its Digital Large Cap Fund. According to this week’s report, institutional capital accounted for 56 percent of all new investments into Grayscale products during the first half …

Ken Griffin, the CEO and founder of the Citadel hedge fund, has reiterated his negative stance on Bitcoin (BTC) in an interview with CNBC Wednesday, July 18. Speaking at the Delivering Alpha Conference in New York, Griffin admitted that he “still scratch[es] [his] head" about Bitcoin, claiming that the younger generation should “do something more productive than invest in digital currencies.” To prove his point of view, the billionaire pointed out that none of his clients have ever suggested investing in cryptocurrencies: "I don’t have a single portfolio manager who has told me we should buy crypto, not a single …

The world-renowned Chartered Financial Analyst (CFA) examination has added cryptocurrency and blockchain to its curriculum, Bloomberg reports today, July 16. The exam, run by the CFA institute, has reportedly prepared over 150,000 financial sector professionals through its intensive 3-tiered program, which is now set to include crypto and blockchain as part of its Level I and II curricula. According to Bloomberg, CFA said that a “surging interest” across surveys and focus groups was behind its decision. Stephen Horan, managing director for general education and curriculum at the CFA Institute in Virginia, USA, told Bloomberg: “We saw the [crypto and blockchain] …

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Since their triumphant advent in the wake of the December 2017 bull run, Bitcoin futures seem to have occupied an oddly fixed position in the minds of many cryptocurrency buffs. A popular view among those who follow the dynamics of the crypto world rests on a set of established points about BTC futures: they exist since late 2017; they are offered by Cboe and CME, two respectable regulated exchanges; they help manage investment risks …

Australian cryptocurrency exchange bitcoin.com.au has appointed former consulting giant PricewaterhouseCoopers (PwC) executive Ben Ingram as its new CEO, Business Insider Australia reports today, July 12. Ingram held the role of director in charge of digital strategy at Big Four auditor PwC, leaving the company in March of this year. Business Insider Australia writes that Ingram’s work at bitcoin.com.au will include both improving the exchange’s trading functionality and focusing on expanding crypto-based financial products into the traditional market space. Ingram specifically mentioned instituting crypto investment products into areas like superannuation, which is a company-created organizational pension plan for employees. He also …

Financial market research firm Fundstrat’s Tom Lee defended his position that Bitcoin (BTC) could trade at anywhere from $22,000 to $25,000 by the year’s end, in two CNBC interviews Thursday, July 5. Lee made sure to clarify to reporters that his most recent $22,000 price prediction is emphatically not a bearish retreat from his previous forecasts of $25,000. Lee, a notorious Bitcoin bull, is famous for his prediction in January that Bitcoin would hit $25,000 by the end of 2018, later saying in March it would reach a staggering $91,000 by 2020. Speaking on CNBC’s “Squawk Box” segment Thursday morning, …

Major U.S. crypto exchange and wallet provider Coinbase has announced that its digital assets custodian solution for institutional investors is now launched, in an official blog post July 2. Coinbase first revealed its plans for its ‘Coinbase Custody’ venture in late 2017, saying at the time that it was seeking to address what it considers to be the “number one” concern of institutional investors, namely, security. As per today’s post, Coinbase has already been storing over $20 billion worth of clients’ crypto over the past six years, but its new custody offering will notably be secured through an SEC-compliant and …

This interview has been edited and condensed. Cointelegraph had the opportunity to speak to ConsenSys’ Ajit Tripathi at BlockShow Europe 2018 about his experience leaving Wall Street for the crypto world, what new ConsenSys projects he’s most excited about, and why crypto regulation changes from country to country. Molly Jane: Could you tell us a little bit more about what ConsenSys does and what your role is there? Ajit Tripathi: ConsenSys is a venture production studio based in Brooklyn, and now we have offices in London, in about 30 countries, including London, Paris, South Africa, Australia, and Singapore — we're …

Charles Hoskinson, co-founder of altcoin Cardano (ADA), tweeted June 20 that the entry of Wall Street into the crypto sector will bring in “tens of trillions of dollars:” What's often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That's tens of trillions of dollars entering the space eventually. Future is bright — Charles Hoskinson (@IOHK_Charles) June 21, 2018 Cardano, which is currently ranked 8th on Coinmarketcap, has a market cap of around $3.5 billion. Charles …

Cointelegraph will be live-streaming crypto and fintech conference MoneyConf in Dublin, Ireland as the event’s official media partners starting today, June 12. The conference – organized by the team behind annual tech conference Web Summit – includes speakers from across the crypto, blockchain, and fintech industries, including Ethereum (ETH) co-founder Joseph Lubin of ConsenSys, Square CFO Sarah Friar, and Overstock CEO Patrick Byrne. From the cultural side, musician Imogen Heap, also founder of music blockchain ecosystem Mycelia, will lead a panel titled “Is all fair in music and blockchain?” Today’s lineup kicks off with opening remarks from Paddy Cosgrave, the …

Top Stories This Week Apple Co-Founder Very Bullish On Bitcoin As The Only “Pure” Cryptocurrency Steve Wozniak said this week that he sees “only Bitcoin [as] pure digital gold,” echoing previous comments by Twitter CEO Jack Dorsey about Bitcoin becoming the “single” currency of both the internet and the world. According to Wozniak, all other cryptocurrencies give up some aspects of Bitcoin that makes Bitcoin a unique asset class. SEC Chairman Jay Clayton Believes Bitcoin Is Not A Security After months of uncertainty coming from the SEC over cryptocurrency and ICO regulation, the SEC chairman Jay Clayton said during a …