Institutional Investors are Already Turning to Crypto: Should You Fear Missing Out?

Two public pensions from Fairfax County, Virginia’s Police Officer’s Retirement System and Employees’ Retirement System, have invested in Morgan Creek’s new $ 40 million crypto fund. Anthony Pompliano, a Morgan Creek general partner, said that it is the first case in which public pensions have invested in the cryptocurrency market. Apart from the two pensions, the fund is said to be financed by a university endowment, a hospital, an insurance company, and a private foundation. It raised a total of $ 40 million. Fairfax County Police Officer’s Retirement System chief investment officer Katherine Molnar said: “Blockchain technology is being applied in unique

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Disney’s Streaming Service Hasn’t Even Launched and it’s Already Hemorrhaging Money

Disney says it’s likely to take a massive $ 150 million hit to its bottom line as it works to beef up its array of streaming services, including the yet-to-launch Disney+. However, concerns remain that the company may be turning a blind eye to the impact of these losses over the long run as it seeks to supplant Netflix as the digital content king. Disney CEO Bob Iger and CFO Christine McCarthy fielded questions about the massive streaming-related outflows during the company’s first quarter 2019 earnings conference call. When the subject came up about Disney foregoing licensing income, the executives offered few

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Huobi’s Crypto Derivatives Market Has Already Passed $20 Billion in Trades

Launched in November, Huobi’s crypto derivatives market is growing at a rapid pace. Fifteen days ago they revealed they had hit $ 10 billion in total volume, and today they announced they’ve seen $ 20 billion. In a note provided first to CCN, Huobi describes the timeline of the Derivatives Market in this way: November 21: Huobi … Continued

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