Legendary investor Warren Buffett may still hate cryptocurrencies, but other stalwarts of traditional finance (TradFi) are following his maxim to be "fearful when others are greedy and to be greedy only when others are fearful," piling into digital assets following this year’s rout.
The crypto winter – which has driven bitcoin (BTC) down more than 70% since its November peak – has been a painful reminder of how volatile the industry can be. TradFi’s commitments to crypto amid the decline, however, makes this winter stand out from prior ones.
Most recently, Nasdaq (NDAQ), the second-biggest U.S. stock market operator, announced this week that it will start a crypto custody service – finance jargon for holding onto investors’ assets, keeping them safe – as it aims to cash in on burgeoning demand for crypto among institutional investors. The move came after BlackRock (BLK), the world's largest asset manager, said last month that it will offer cryptocurrencies to its institutional...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...