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A number of institutional participants and even some large cryptocurrency exchanges are relying on sub-par custody approaches when holding digital assets on behalf of clients, according to Opimas, with the company estimating that over USD190 billion worth of bitcoin is currently at risk as a result.
Users can now secure and access AVAX on both X-chain and C-chain addresses using Ledger hardware wallets.
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CTAs and trend-following hedge funds have begun May positively. Société Générale’s main broad-based CTA Index has advanced 1.37 per cent so far this month, which has brought its year-to-date return to more than 7 per cent.
Digital asset investment products saw inflows totalling USD373 million last week highlighting a resurgence, according to the latest CoinShares Digial Asset Fund Flows weekly report.
Some providers continue to see outflows in what CoinShares believes is the continued profit-taking behaviour. Unusually, inflows were seen across the full spectrum of digital assets.
The positive momentum for Ethereum continues with inflows of USD60m last week with total assets under management only in December 2020.
New investment product entrants, Cardano and Litecoin got off to a good start with inflows USD6.6 million and USD3.6 million respectively.
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Akin Gump has appointed investment management specialist Brian T Daly as a partner in the firm’s New York office.
Daly advises hedge, private equity and real estate fund managers on regulatory, compliance and operational matters and has Extensive experience designing and improving compliance processes and organisational systems.
He also has extensive experience helping clients navigate their regulatory compliance obligations under the rules and regulations of the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
Daly also regularly represents clients in regulatory examinations, enforcement actions, trading inquiries and in seeking no-action or
Marko Lehtovaara, founder and Chief Executive Officer of Grexel Ltd, the specialist energy certificate registry provider in Europe and part of EEX Group, will leave the company at the end of December 2021.
Lehtovaara has been working in the energy certification business since day one and founded Grexel in 1995. Over the past 25 years, he has put his expertise in the service of several European Issuing Bodies as well as the Association of Issuing Bodies to create reliable and easy certificates tracking. Today, the services provided by Grexel are used by more than 15,000 account holders across 15 countries.
Digital investment specialist firm Osprey Funds has seen interest from hedge fund managers in its bitcoin trust, OBTC, which was launched last year, and now has assets of USD160 million.
Hedge funds are on a roll this year, with the industry recording its best January-to-April performance in more than 20 years, as managers profited from tech gains, commodities moves, strong earnings, and renewed optimism over the reopening US economy.
ACDX, a crypto derivatives exchange offering structured products for sophisticated traders, is launching the first leveraged BBS trading option for Chia Tokens (XCH).
StoneX Group’s London-based subsidiary, StoneX Financial (StoneX) has become a member of London Stock Exchange and Turquoise, the pan-European MTF. This membership enhances the Company’s cross-border equities trading and cross-asset capabilities.
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