The latest headlines on the impact of technology on the wealth management industry.
Fintech News
Bain-Backed Crypto Startup Closes as U.S. Securities Laws Bite
The worst thing you can call a cryptocurrency project isn’t a ‘scam’ or a ‘Ponzi scheme’ — although many have been called that. It’s a ‘security.’
A Hedge Fund Big Beast Is Killed by the Robots: Marcus Ashworth
It’s the end of an era. The fabled but controversial hedge fund trader Philippe Jabre is hanging up his boots.
Ranks of Crypto Users Swelled in 2018 Even as Bitcoin Tumbled
It turns out that cryptocurrency enthusiasts were committed well beyond the HODL rallying call that urged them to hold on during this year’s digital-asset market collapse.
UBS Said to Prepare Cloud Move to Secret Microsoft Data Centers
UBS Group AG reached a deal worth hundreds of millions of Swiss francs to use Microsoft Corp. cloud services in a bid to reduce costs while complying with strict Swiss privacy laws, according to people familiar with the matter.
The Robots Are Already Stealing Some of Your Bonus: Mark Gilbert
The good news for asset managers is that they will get an average pay increase this year of 5 percent. The bad news is that increased spending on technology is reducing the amount of money available to their compensation pools.
Crypto Market Crash Is Causing Startups to Shutter Operations
The plunge in the cryptocurrency market is weighing on the software-development community that spawned over 1,000 digital coins amid dreams of independence from traditional financial systems and instant wealth.
Bitcoin Falls as Technical Indicators Point to More Pain in 2019
Bitcoin is turning negative again. And the technicals aren’t looking too good either going into 2019.
Billionaires, Blockchain and Art Set to Collide in Miami Beach
Adam Lindemann tends to have pretty good timing.
Goldman Says Regulatory Hurdles Prevent Holding of Crypto Assets
Goldman Sachs Group Inc. isn’t any closer to offering one the key services sought by clients still intrigued by cryptocurrencies amid this year’s collapse in digital-asset prices.
Wall Streeters Who Rushed to Crypto Create Sheriff for Wild West
Cryptocurrency players including DRW’s Cumberland trading juggernaut and Mike Novogratz’s Galaxy Digital merchant bank have banded together to draft a set of best practices, the latest attempt to clean up an industry frequently marred by scandal.
Bitcoin’s Deepening Crash Now Approaches Its Worst Bear Markets
Bitcoin broke below $4,000 and extended its 2018 crash to within striking distance of the biggest cryptocurrency’s worst bear markets.