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Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

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Bitcoin Plunges to Sub-$7000 Levels Before Recovering

Bitcoin plummeted today after back-to-back crackdowns on virtual currencies by the Chinese Government. Yesterday, regulators in Shenzen, and today, in Shanghai, threatened to crack down on alleged illegal activities. The PBoC was reportedly behind both campaigns and seeking to impose a ban on trading in cryptocurrencies.

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Columbia Property Trust Will Buy Normandy Real Estate Management
October 17, 2019

Columbia Property Trust announced a deal to buy acquire Normandy Real Estate Management. The target company manages office- and mixed-use assets in New York, Boston, and Washington, D.C. The deal will…

Alts Fund Highland Capital Management Entity Files for Chapter 11
October 17, 2019

Highland Capital Management announced that one of its investment adviser entities has filed for Chapter 11. The news comes after a long-winded battle with investors, according to court filings.

Former Hedge Fund Manager Tom Steyer Would Like to Be President
October 17, 2019

Tom Steyer, the energy-investing billionaire turned environmentalist “anti-billionaire,” hit the debate stage for the first time this week. The 62-year-old hedge fund manager turned activist has called for Donald Trump’s…

Bank of Canada Mulling a Digital Currency That Would Be Police-, and Tax-Friendly
October 17, 2019

According to The Logic, the Bank of Canada may be toying with the idea of issuing its own digital currency. One key, but a rather ominous advantage of a national…

Latin American Payments Processor EBANX Achieves Unicorn Status
October 17, 2019

Brazil-based fintech and payment processor EBANX is a newly-minted unicorn. EBANX, which enables transactions between global companies and Latin American commerce, received a “significant” investment from FTV Capital.

AI In Toyota’s New LQ Concept Will Deliver a Personalized Mobility Experience
October 17, 2019

Toyota’s automated driving technology in its new “LQ” concept vehicle will build an emotional bond between car and driver. The LQ concept car from Toyota will have automated driving capabilities…

Big Reveal by Dallas Fed President: Fed “Actively Looking at and Debating” a Digital Currency
October 17, 2019

In a significant disclosure, Federal Reserve Bank of Dallas President Rob Kaplan said the Fed is “actively looking at and debating” issuance of a US digital currency. The Fed could…

The DailyAlts Playbook – October 17, 2019
October 17, 2019

THE DAILYALTS PLAYBOOK October 17, 2019 Today, the DailyAlts Playbook talks about a Brexit Deal, Questions about ESG and China, Elizabeth Warren’s unsurprising announcement on finances, and just how rich…

Abu Dhabi Launches First-of-Its-Kind University of Artificial Intelligence
October 17, 2019

The Mohamed bin Zayed University of Artificial Intelligence, the world’s first dedicated AI University, was launched Wednesday in Masdar City. The Mohamed bin Zayed University of Artificial Intelligence is an…

Ex-CFTC Heads Warn of Digital Challengers; Propose A Blockchain Dollar
October 17, 2019

Could a new-fangled digital currency move the US dollar’s cheese? “Complacency in the face of this threat risks lasting damage to the U.S. economy,” warn the former CFTC officials. In…