Maerki Baumann Is the Latest Swiss Bank to Embrace Crypto

Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies. The bank recently published an article …

Barclays Sets Up Digital Asset Team to Explore Crypto Trading

British multinational investment bank and financial services company Barclays is reportedly looking to join the cryptocurrency hype among institutional players. Barclays Appoints Chris Tyrer to Lead Digital Assets Project A few months ago, Jes Staley, Barclays CEO, ruled out launching their own virtual currency trading desk. However, the bank has reportedly created a “digital assets …

Bears Battle Bulls at $7000: Where Will Bitcoin Price Go From Here?

As Bitcoin price (BTC) continues to trade in the red, losing roughly around 15 percent of its value over the last week, two econometric models forecast either a very bright future or particularly hard times ahead. Economics Professor at Columbia University Panos Mourdoukoutas and one of his students turn to econometric models to forecast the …

‘We Don’t Want to Compete with Coinbase’ – Says Binance CEO

Changpeng “CZ” Zhao, shared some of his big ideas on the future of blockchain and cryptocurrency with Fortune magazine this week. And it’s probably worth listening to the man running the biggest crypto-exchange in the world. The future is not now, but is decentralised Binance acquired Trust Wallet this week, and here at Bitcoinist, we focussed on …

July Roundup: Cryptocurrency Winners and Losers

Top performing cryptocurrencies were Bitcoin, Stellar, and Zcash while Binance Coin, Tezos, OmiseGO and Qtum were the biggest losers. As another month passes in crypto land it is time to look back at the best and worst performing cryptocurrencies in July. Following the yearly lows in June things promised to be more positive in July. …

Financial Services Firm Opens Doors to Crypto Hedge Funds

The crypto industry has received another boost with the entry of financial services giant Northern Trust in a quiet but significant move. The firm, which manages over $10.7 trillion in assets, has added blockchain features into its private equity workflow, while extending its administration services to a select group of hedge funds betting on digital …