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Cathie Wood of ARK Investment Management champions Bitcoin over gold and cash as a long-term hedge against deflation, in light of technological advancements. In a recent podcast with Bloomberg’s Merryn Somerset Webb, CEO of ARK Investment Management Cathie Wood shared her conviction in Bitcoin as the prime asset for potential deflation hedge over the next decade. Wood’s stance comes amidst a market climate heavily leaning towards the risks of heightened inflation, yet her bet on deflation is unwavering, citing transformative technologies like artificial intelligence, electric vehicles, robotics, genomic sequencing and blockchain as the driving forces behind her prediction. JUST IN: Cathie Wood says she would choose #Bitcoin over gold "hands down". "Bitcoin is digital gold. It is a hedge against inflation AND deflation." pic.twitter.com/pnWjXmvuh1 — Bitcoin Archive (@BTC_Archive) November 3, 2023 Addressing the choice between Bitcoin (BTC), g...

In a significant move in the digital asset management space, Nuant, a premier figure in Digital Asset Portfolio Management, has joined forces with MSCI Inc., a foremost authority on global investment decision-support tools.  This strategic alliance promises to redefine industry standards by providing institutional entities with an unparalleled depth in digital asset sector classifications, all powered by the MSCI datonomy , according to the latest information shared with Finbold on October 24. Resulting from collaborative efforts with esteemed financial entities, Goldman Sachs and Coin Metrics, the MSCI datonomy presents a meticulously curated classification system. This addresses the inherent complexities associated with the multifaceted digital asset landscape.  Consequently, digital asset funds and institutional clients leveraging Nuant’s platform will be positioned to gain incisive insights into the digital asset domain, optimizing both their investment st...

One-quarter of asset managers and hedge funds in the US and Europe have recruited senior executives to oversee digital asset strategies, according to a recent report. Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are appointing senior executives to lead digital asset investment strategies. According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness about implementation as well as senior management buy-in.” Organizations with a senior role dedicated to dedicated asset strategy implementation. Source: Amberdata The report surveyed 60 investment professionals across the United St...

Approximately $26 million in bitcoin and crypto assets belonging to Terraform Labs executives, including founder Do Kwon, have reportedly been frozen by authorities in Switzerland. South Korean news outlet Digital Asset reported that the funds were taken from Zurich-based digital asset bank Sygnum at the request of US federal prosecutors and the Securities and Exchange Commission (SEC). Sygnum made headlines back in 2017 when it announced it was the world’s first regulated digital asset bank. In February this year, the SEC said that 10,000 bitcoins were transferred from Terraform Labs and the Luna Foundation Guard (LFG) to personal wallets belonging to top execs. “Since May 2022, defendants have sent the bitcoins in this wallet to Swiss financial institutions and turned it into fiat currency, withdrawing more than $100 million by the time of filing the lawsuit,” the SEC said. In April this year, Digital Asset reported that the Seoul Southern District Prosecutors’ Office’s Financi...

According to CoinShares, digital asset investment products saw inflows totaling $76 million last week On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows. The report indicates a change in investor sentiment for the start of 2023, with year-to-date inflows now at $230 million. This growth has led to an increase in total asset s under management (AUM), which now stands at $30.3 billion — the highest since mid-August 2022. Investors are primarily focusing on Bitcoin (BTC), with weekly inflows of $69 million, accounting for 90% of total flows for the week. This investment growth primarily comes from the United States, Canada and Germany, with weekly inflows of $38 million, $25 million and $24 million, respectively. However, opinions are divide...

The Busan Digital Asset Exchange Establishment Promotion Committee said it plans to create a functional exchange by the end of the year. According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets. “Taking advantage of the strengths of Busan, such as the Busan International Film Festival, G-Star; [the exchange] will include tokenization of intellectual property rights in the film and game fields, as well as gold, precious metals, agricultural and livestock products, ships, real estate, etc.” As told by the Busan Digital Asset Exchange Establishment Promotion Committee, the plan involves coordinating domestic financial companies and digital asset exchange s and building a transaction support system serving as the basis for the exchange . “The Busan Digital Asset Exchange has a decentralized fair exc...