Institutions More Bullish on Bitcoin than Retail Investors: Fundstrat

There’s a general perception that retail investors are susceptible to rosy-eyed forecasts about the future of bitcoin, while institutions are more clear-headed about the prospects of this nascent asset class. However, a new survey conducted by Wall Street strategy firm Fundstrat suggests that once institutional investors are interested in bitcoin, they become even more bullish than their retail counterparts. Read more

 

IMF Warns of another Global Financial Crisis, Talks about Rapid Crypto Development

The global financial crisis is coming, now warns IMF as it shares the global debt is skyrocketing and economies getting affected. It also talks rapid development of financial technologies that poses challenges to financial system. With the situation worse than at the time of 2008 crisis, will bitcoin and crypto play a role when “second Great Depression” hits the world? Read more

 

US Brokerage Firm TD Ameritrade Invests in Crypto Exchange for its Millions of Customers

One of the five largest stock brokerage companies in the United States, TD Ameritrade is joining the crypto mania. The company has reportedly invested in a new cryptocurrency exchange called ErisX in order to offer its millions of customer more crypto options. Read more

 

US Customs Official Claims Crypto Conversions Can Be Traced

A “vulnerability” is created every time criminals convert from cryptocurrency to government-issued ones, an official with U.S. Immigration and Customs Enforcement said Tuesday. Matthew Allen, an assistant director of domestic operations with the Homeland Security Investigations (HSI) division of ICE, discussed the role of cryptocurrencies in drug trafficking during an October 3 hearing before the U.S. Senate Caucus on International Narcotics Control. Read more

 

Crypto Exchange Poloniex Removes Margin and Lending Products for US Users

U.S.-based cryptocurrency exchange platform Poloniex will remove margin and lending products for its customers in the U.S and delist three digital assets, according to an announcement published October 3. Read more

 

Cryptocurrency ATMs coming to Argentina to exploit peso volatility

Argentina could get up to 30 automated teller machines that buy and sell bitcoin by the end of the year, industry representatives said, an expansion of the cryptocurrency market amid an economic crisis that has seen the peso’s value tumble. Read more

Circle Invest Launches Crypto Asset ‘Collections’ for Targeted Portfolios

Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest dubbed “Collections.” The company has made the announcement in an official blog post published Oct. 4. Read more