NewsReviews: Week of Jan 20th, 2020

What are the latest, greatest developments in digital assets and blockchain? Apifiny’s experts highlight the week’s top headlines.

Coin Telegraph: Finance Will Fall Behind Without Innovation, Experts at Davos WEF Say

• Ever since the spike in interest surrounding blockchain and crypto in 2017, many traditional finance companies have taken the leap toward implementing new technologies like blockchain.
• Key players in the traditional industries like Amazon and JPMorgan joined the rapid push towards adopting this technology, which means banks must catch up before losing out on revenues.
• During the 2020 WEF in Davos, Daniel Haudenschild, president of Crypto Valley remarked, “We see 2020 as the year of infrastructure,” he said. “We see better players — institutional investors, wealth and asset management companies — coming into the field being driven by negative interest rates, being driven by lack of alternative investments.”

Crowd Fund Insider: Very Few Financial Advisors Have Allocated to Digital Assets, But Intend to Invest More in Crypto in 2020: Report

• In a recent survey published by Bitwise Asset Management, roughly 6% of financial advisors have allocations to crypto in their clients’ portfolios, but an additional 7% said they would be investing in digital-assets for their clients this year.
• The main appeal of this increase in allocation is the low correlation between crypto-asset returns and traditional asset returns.
• However, a whopping 64% of survey respondents acknowledged they’re expecting a rise in the price of bitcoin.

CoinDesk: Swiss Banks Enter the Age of Bitcoin

• Although not the first bitcoin-compliant Swiss bank, Zurich-based SEBA Bank AG raised 100 million Swiss francs, (roughly $103.4 million) and opened in November of 2019 with a universal banking license, as well as a variety of crypto-oriented services.
• SEBA differentiates itself by offering a range of many fiat currencies like American dollars and Singaporean dollars and the ability to instantly trade crypto like bitcoin and ether.
• Although only recently established, SEBA has already begun serving high-net-worth individuals and institutional investors globally, besides the United States.

Podcast Pick of The Week:

“Markets Daily.” Hosted by Coindesk Podcasts’ Editor Adam B. Levine and Senior Markets Reporter Brad Keoun, each episode is under 15 minutes, covering the latest market action combined with original insights.

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