Starting in February, Robinhood will allow users to buy and sell bitcoin and ethereum without any additional fees; they will compete directly with Coinbase who charge 1.5 - 4% in fees; users will also be able to track prices, news and set alerts on many top cryptocurrencies; the company plans to operate this part of the business on a break-even basis. Source
CME Group announced today that they plan to offer bitcoin futures by the end of the year which is a change from what they said just a month ago; others like Cboe Global Markets said earlier in the year it plans to do the same by early 2018; the move by exchanges will open up the bitcoin market to professional traders and institutional investors. Source
An article in Business Insider highlights a $96 billion hedge fund, Man Group; the firm initially held off on rolling out their AI powered trading bot out broadly until recently; by 2015 AI was contributing half of the profits to Man Group’s largest funds. Source
Buying and selling of cryptocurrencies may be available as soon as June, but the bank is still working on how it will store them; Goldman remains one of the few banks who are leading the charge when it comes to trading cryptocurrencies and it remains to be seen whether other banks will follow suit. Source
Ken Sena runs a group within Wells Fargo Securities and recently introduced an artificially intelligent equity research analyst; the bot tracks stocks and put a sell rating on Facebook and Google, two of the top companies working on artificial intelligence; Sena provides his perspective on the new bot and where it might be falling short. Source
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