The market continues to be plagued with fraud, theft and regulatory infractions. The latest case involves the New York attorney general Bitfinex, one of the largest exchanges, of hiding the loss of about $850 million in client and corporate cash. Vancouver-based , which is going through bankruptcy in Canada, owes 115,000 clients about $193 million in and cash after the death of founder Gerry Cotten last year. The continued black marks are likely keeping many traditional investors away from the space for now.
Fidelity Chief Executive Officer Abigail Johnson is hoping to change that, and has been a proponent of digital assets, setting her apart from many rivals. Under her leadership, the firm began in 2015. She’s betting Fidelity Digital Assets will appeal to Wall Street’s relatively nascent appetite for and safeguarding digital currencies. Jessop echoed those thoughts in the interview. “People are relying on the institutions they’ve done business with for a long time to fulfill their objectives and needs,” he said. “I’m not trying to throw shade on anybody else, but it’s up to the clients to decide.”
The survey found 47 percent of institutional investors said digital assets are worth investing in, with the same percentage saying they appreciate crypto for being innovative. The survey, which was done with Greenwich Associates, also found that 46 percent of respondents like the low correlation between and other asset classes.
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Published at Mon, 13 May 2019 05:40:19 +0000
![Bitcoin [btc] whales are more active this year than the last quarter of 2018, says report](https://ohiobitcoin.com/storage/2019/02/Bitcoin-chart.png "Bitcoin [btc] whales are more active this year than the last quarter of 2018, says report")