It’s a figure that marks a continuing shift toward crypto among investors and may be more important amid generational wealth transfer.
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Cybercrime costs victims around the world $1.24 trillion annually, according to estimates from research firm Comparitech.
CoreWeave’s credit swaps were priced at a nerve-rattling 60% chance of default on Thursday, according to ICE Data Services.
The commissioner pushed for a less heavy-handed approach to regulation.
With no federal regulatory framework, guidance will fall to the SEC and CFTC. It’s more important than ever to educate their clients on crypto.
If passed, the more-than-600 page Clarity Act would split crypto oversight authority between the SEC and the CFTC.
Older investors tend to be more cautious, according to a Northwestern Mutual study.
The rules aim to provide a clear framework for certain investment contracts involving crypto assets.
The wirehouse will now let some clients buy and sell various cryptocurrencies on its self-directed platform.
In small amounts, crypto can offer diversification without exposing clients to outsized risk. If it underperforms, the damage is contained.
Advisors still aren’t the big crypto fans, viewing the asset class as too speculative and volatile to fit into a traditional financial plan.
Traders with less than $25,000 in assets in their margin accounts had been banned from making more than four trades across a five-day period.
Coinbase CEO Brian Armstrong said last week in response to Google’s paper that “we all need to solve it sooner rather than later.”
The crypto space is relatively small compared with other asset classes, but the hype train is barreling down the tracks.