New research from UK-based money app Ziglu reveals that 11 per cent of UK adults are contemplating buying cryptocurrencies for the first time over the next 12 months. Some 3 per cent - around 1.57 million people – say they will definitely buy their first cryptocurrencies in the next 12 months, and 8 per cent - 4.2 million people – say it is quite likely they will do this.
Yvonne Steyn, Senior Associate, Maitland has addressed the taxing subject of how an investor’s cryptoassets will be taxed in the UK
Study shows institutional investors are increasingly focusing on cryptocurrencies and digital assets
A new survey of institutional investors and wealth managers from the US, UK, France, Germany, and the UAE who currently have exposure to cryptocurrencies and digital assets, reveals that 82 per cent expect to increase their exposure between now and 2023.
A CoreData Research study of 500 UK retail investors conducted in March and April found 40 per cent of Millennial respondents would add cryptocurrencies to their pension given the opportunity to do so.
By David Cooney (pictured), Group Partner, Collas Crill – There are thousands of crypto-assets (or cryptocurrencies, as they are also known) in existence, the most established being bitcoin. There is no single definition of crypto-assets, but it can be broadly defined as a digital ticket which exists on a virtual ledger with decentralised control. Most forms of cryptocurrency use a private-public key. The public key is used to send cryptocurrency and the private key is used to access those funds.
Criptonite, a Swiss wealth management company, has formed a strategic partnership with Wave Financial (Wave), a SEC regulated digital asset investment manager founded in 2018 with over USD500 million in assets under management.
By Hilesh Chavda (pictured), a private client partner with city law firm Spencer West – Digital assets are an integral part of our lives and will become even more so in the coming years. But it is a regulatory Wild West out there which makes it difficult for anyone, especially executors and trustees charged with safeguarding and managing assets to deal with digital assets.
Smart investors are offsetting crypto risk by diversifying with lower-risk and ethical investments, says Plum
European money management fintech Plum has shared new data on how its customers are reacting to the current hype around cryptocurrencies. The highly volatile asset class has seen increasing popularity among Plum customers since October, with many choosing to diversify their portfolio further to balance out the risk.
An overwhelming majority of IFAs would never consider recommending cryptocurrencies (93 per cent) or meme stocks (95 per cent) to their clients, according to insight from Opinium.
New research has revealed that 84 per cent of investors believe that cryptocurrency is still a riskier form of investing than other methods, with nine in 10 traders favouring stocks to cryptocurrency. The platform has also revealed the key stocks that react to the movements of cryptocurrency including Coinbase and MicroStrategy.