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Cryptocurrency Adoption: Institutional investors should consider cryptocurrencies, says pension and endowment adviser Cambridge Associates

Namrata Shukla

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Cryptocurrency Adoption: Institutional investors should consider cryptocurrencies, says pension and endowment adviser Cambridge Associates
Source: Pixabay

The cryptocurrency ecosystem has been a developing field and in a short time, has managed to garner the attention of financial investors. The growing popularity of cryptocurrencies has roped in Cambridge Associates, a consultant for pensions and endowments. As per Bloomberg, Cambridge Associates is of the opinion that institutional investors should consider dipping their toes in cryptocurrencies.

One of the analysts from the Boston-based firm quoted in his research note:

“Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments entail a high degree of risk, some may very well upend the digital world.”

The large institutions have maintained a distance from the decade-old cryptocurrency industry as it is largely unregulated and due to its use in illegal trade. As per the reports quoted by Bloomberg, the collapse in the prices of many big cryptocurrencies, including Bitcoin [BTC], has not helped its case.

Cambridge recommends interested firms to spend “a considerable amount of time learning about the space,” including the different ways of investing, from illiquid venture capital funds to buying tokens on cryptocurrency exchanges. As per the publication, Cambridge advises institutions that manages more than $300 billion. Crypto enthusiasts across the world feel that these, even though a few, investments could bring greater credibility to the crypto market.



Recently, two pension plans in Fairfax County, Virginia, this month, invested in a venture-capital fund for the blockchain and digital assets industry. The publication reported that last year, Yale University invested in a fund that was directed on early-stage projects on cryptocurrencies, new blockchains, and exchanges.

One of the analysts noted:

“The dramatic declines that swept across the crypto space raised questions about the future of these assets and the blockchain technology that underpins them. Yet, in looking across the investment landscape, we see an industry that is developing, not faltering.”





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Ethereum

Ethereum [ETH]: Samsung planning to create its own ETH-based blockchain; may issue own token soon

Akash Anand

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Ethereum [ETH]: Samsung in the works to create its own ETH-based blockchain, may issue own token soon
Source: Pixabay

The mainstream adoption of cryptocurrencies and blockchain technology has come a long way, with many financial and non-financial institutions now entering the mix. Technology giant, Samsung, is not new to the field, as the South Korean organization previously blew up the cryptosphere by meshing crypto with the launch of the company’s latest flagship device, the Galaxy S10.

Latest reports now suggest that Samsung is getting more serious about virtual assets, as the company might be on its way to create its own Ethereum [ETH]-based blockchain network, with the prospect of launching its own cryptocurrency token in the near future. An anonymous official from the organization stated,



“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid—that is, a combination of public and private blockchains.”

Sources from within the company added that blockchain technology is being developed by the wireless technology division of Samsung. Despite the fact that it has not been confirmed as to what devices will provide support for the blockchain, a company official revealed that “some models are being tested for it.”

Samsung’s tryst with Ethereum has been ongoing for quite some time now, with previous developments suggesting that Ethereum could be vulnerable on the S10 device. This was evidenced by a video put out by a user ‘darkshark’ on Imgur, in which it was shown how easy it was to crack the phone. Darkshark stated,

“This brings up a lot of ethics questions and concerns. There’s nothing stopping me from stealing your fingerprints without you ever knowing, then printing gloves with your fingerprints built into them and going and committing a crime.”





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