Bitcoin – Benefits Canada.com

How will crypto disclosure rules impact federally regulated pension plans?

bwolfe — Thu, 20 Apr 2023 13:00:58 +0000

In its 2023 budget, the federal government announced plans to require that federally regulated pension plan sponsors disclose their cryptocurrency asset exposure to the Office of the Superintendent of Financial Institutions. The government has yet to announce how the pension disclosure requirements will be implemented. “Just how these guidelines will affect standards of governance or regulatory […]

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Cryptocurrency plunge a cautionary tale for U.S. public pension funds

bwolfe — Tue, 12 Jul 2022 16:00:56 +0000

When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. He was already worried about his pension after an overhaul by state and city officials cut payments as they grappled with the ability to pay out […]

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401(k) providers offering cryptocurrency investment options to U.S. workers

bwolfe — Fri, 29 Apr 2022 19:00:04 +0000

More workers may soon be able to stake some of their 401(k) retirement savings to Bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity Investments Inc. has launched a way for employees to put some of their 401(k) savings and contributions — potentially up to 20 per cent — directly in Bitcoin, […]

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How are pension plan sponsors approaching investments in 2022?

mdunne — Fri, 11 Feb 2022 13:55:26 +0000

Nearly two years after the declaration of the global coronavirus pandemic and its subsequent impact on the worldwide economy, institutional investors are looking to the future with cautious optimism. Amid a recovering economy and rising inflation, pension plan sponsors are taking a long-term investment view and staying the course in the year ahead, while incorporating […]

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Are retail investment trends impacting institutional investors?

bwolfe — Fri, 13 Aug 2021 12:52:16 +0000

From the rise of cryptocurrency DogeCoin and non-fungible tokens to Reddit members beating hedge fund managers at their own game, 2021 has been an eventful year in the world of retail investing. And while institutional investors might not be betting big on Gamestop Corp. or Elon Musk’s latest cryptocurrency tweet, some have inched closer to […]

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Institutional investors taking closer look at Bitcoin, gold amid inflation fears

mdunne — Tue, 29 Jun 2021 13:00:16 +0000

Almost 16 months since the global coronavirus pandemic was first declared, there’s now yet another thing for institutional investors to worry about — the possibility of inflation. Lately, much has been made of the potential for inflation to emerge given sustained low interest rates and the large deficits that many governments have incurred due to […]

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Dogecoin, NFTs taking centre stage while institutional investors wait in the wings

mdunne — Mon, 17 May 2021 13:00:32 +0000

If you needed any evidence that cryptocurrency investments are having a mainstream moment, look no further than last weekend’s episode of Saturday Night Live. In the week leading up to Tesla co-founder and cryptocurrency enthusiast Elon Musk’s May 8 appearance as host of the long-running comedy sketch show, Dogecoin hit an all-time high of around US$0.73, […]

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Coinbase soars in market debut, valued near US$86 billion

mdunne — Tue, 20 Apr 2021 13:30:57 +0000

Coinbase made a rousing debut on Wall Street last week, with shares of the digital currency exchange rising as high as US$429, briefly giving it a market value over $100 billion. Coinbase Global Inc.’s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans […]

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Confidence in Bitcoin up among institutional investors: survey

alessandrob — Mon, 15 Mar 2021 11:00:30 +0000

The vast majority (85 per cent) of institutional investors that already engage with Bitcoin plan to increase their investment in the cryptocurrency over the next two years, according to a survey commissioned by Nickel Digital Asset Management. Additionally between now and 2023, 72 per cent of those surveyed said they expect professional investors in general […]

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Back to basics on cryptocurrency

ANNA CAMPION — Tue, 16 Feb 2021 04:51:03 +0000

The term cryptocurrency may evoke a number of different images, from lightning-fast computers fuelling get-rich-quick schemes to shady rooms where hackers plot multi-million dollar digital heists. And while there may be some truth to those perceptions, cryptocurrency is a growing sector that many institutional investors are eyeing with increasing interest. Indeed, in mid-December 2020 Bitcoin’s […]

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