Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billi...
Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008, as Italy faces political uncertainty, an energy crisis, and an inflation rate of 8.4% in July. Investors Expect Italian Debt Default Amid Country’s Shaky Bond Market, Energy Crisis Italy’s economy has been volatile in recent times as the Ukraine-Russia war has wreaked havoc on....
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When it comes to bitcoin and AI, it is impossible to tell what the future will hold. A new breed of hedge funds is coming to Wall Street and other financial areas all over the world. Two new technologies are becoming the next area of focus: artificial intelligence and bitcoin. One interesting example is called Numerai, a hedge fund trading through machine learning models built by scientists paid in bitcoin. It is evident there is a growing demand to access the bitcoin ecosystem without having to buy cryptocurrency directly. On paper, it is not easy to grasp the concept of a bitcoin or AI....
The central bank official spoke about the risks that cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds and banks. Jon Cunliffe, deputy governor for financial stability at the Bank of England, said the risks of a growing crypto market on the financial system are “relatively limited” at the moment but have the potential to grow very rapidly if regulators do not keep pace.In a speech to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Oct. 13, Cunliffe said policymakers....
A global survey of Chief Financial Officers has revealed that hedge funds are planning to hold 7% of their wealth in crypto within the next 5 years. Reuters has described the survey results as a major vote of confidence for cryptocurrency assets within the current market environment. The Hedge Funds Crypto Survey Financial administrator Intertrust […]
Few hedge funds are looking forward to buying into Mt Gox claims as they expect Bitcoin price to appreciate further. The victims of Mt Gox are yet to receive the payouts. While they still wait for closure, hedge fund managers are busy digging for opportunities to make money. The reports indicate that few hedge funds in the United States and Japan are planning to buy the claims from Mt Gox victims with the hopes of capitalizing on the appreciating Bitcoin price in the future. According to a report on one of the leading financial news outlets, at least four different hedge funds have started....
The European Central Bank (ECB) released a report on Tuesday, May 24, that stated that one in ten households in the Eurozone owns crypto-assets such as Bitcoin. However, the wealthy are marginally more likely to hold them than the poor. In a pre-released chapter of its Financial Stability Review, the ECB stated that recent volatility […]