HODL your horses, cryptos face possible hurdles ahead, experts say Reuters 3 hrs ago Renewables-driven mining seen as increasingly important
By Divya Chowdhury
April 27 (Reuters) - Evolving rules, environmental concerns and competition from central banks threaten to undermine many of the world s fast-growing crypto assets, crypto and macro experts said, while creating opportunities for those able to adapt.
Europe and the United States are both working on regulating digital assets and their providers - moves welcomed by investors, who hope the new ground rules will encourage institutional investors to plunge in.
Anatoly Crachilov, co-founder and CEO of Nickel Digital Asset Management, which manages assets worth $200 million, told the Reuters Global Markets Forum that regulatory uncertainty was a drag on the development of the crypto space.
HODL your horses, cryptos face possible hurdles ahead, experts say indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Photo: Quan Yajun/Sipa Asia
Visitors enjoy an encryption art exhibition in Beijing. Artists such as Beeple, whose work is shown here, sell NFTs of their digital works for millions of dollars.
Modern graphics and rare trading cards are starting to look a lot like a new asset class through digital non-fungible tokens, but institutional investors some of which have long been attracted to fine art markets are not sold on the concept yet.
Non-fungible tokens, or NFTs, are non-interchangeable, digital signature-based collectible goods, which are stored in a digital format. NFTs exploded in the first quarter of the year on blockchain-run platforms such as OpenSea.
Bitcoin Price Prediction: Why Bitcoin Could Rocket To $400,000 In 2021 forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
CORPORATIONS TO USE BITCOIN IN TREASURY PLANS
Zoya Malik April 9, 2021 (Last Updated April 9th, 2021 09:29)
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New research
1 with 50 institutional investors and 50 wealth managers across Europe, who collectively manage over $110 billion in assets, reveals that over the next two years 81% expect to see an increase in corporations using Bitcoin for their treasury reserves. Some 29% expect to see dramatic growth in this trend.
The survey was commissioned by Nickel Digital Asset Management (Nickel), the regulated and award-winning investment manager connecting traditional finance with the digital assets market.
Anatoly Crachilov, co-Founder and CEO of Nickel Digital, commented:“A growing number of corporations, including car manufacturer Tesla, business intelligence firm MicroStrategy, and mobile payments processor Square have recently made non-trivial, multi-billion allocations to Bitcoin as part of their treasury re