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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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Digital Assets: Ray Dalio – Cash is trash; BTC is Untouchable; Libra Maybe; Stocks are Good; Gold is Best

Ray Dalio, a long time bitcoin sceptic, again panned the cryptocurrency at Davos. Cash is trash; BTC is Untouchable; Libra Maybe; Stocks are good; Gold is Best, he said.

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Bitcoin Goes Vertical After Chinese President Xi Jinping’s Pro-Blockchain Remarks
October 26, 2019

Bitcoin rallied 16% after Chinese President Xi Jinping called for his country to “seize the opportunity” afforded by blockchain. Speaking at a Politburo Committee session on blockchain technology trends Thursday,…

The Cost of Fisher’s Foot-in-Mouth: $2.6 Billion
October 25, 2019

Investors in Fisher Investments are heading for the exits after Ken Fisher’s lewd comments at a conference earlier this month. The Employees Retirement System of Texas became the latest in…

Square Launches Share Investments on its Cash App (Even as little as $1)
October 25, 2019

Square’s Cash App, aimed at the young and the hip, will allow investing in share fractions. The Square Cash App is a mobile payments app that allows people to transfer…

Dan Loeb’s Third Point Holds a $700 Million Stake in EssilorLuxottica
October 24, 2019

Third Point, the New York-based activist hedge fund run by Dan Loeb, has built up a $700 million stake in Ray-Ban maker EssilorLuxottica. It revealed this in its third-quarter investor…

PwC Fintech Report Reveals Differences Between FS and TMT Firms
October 24, 2019

PwC has a new report titled: “Crossing the lines: How fintech is propelling FS and TMT firms out of their lanes.”

A Blockchain P2P Lending System at Scale Could Render London Bankers Irrelevant
October 24, 2019

According to Business 5.0 expert John Straw, the blockchain could well disrupt the City of London. And put paid to the taxes that the City generates. An end to the…

A.I. Algorithms Predict the Likelihood of Breast Cancer
October 24, 2019

Dr. Barzilay decided to use artificial intelligence to collect and analyze the available information on breast cancer. Harnessing artificial intelligence to treat breast cancer Dr Barzilay is a holder of…

Broker Charles Schwab to Launch “Fractional Stock” Ownership
October 24, 2019

Everyday investors are often handicapped by the minimum tradable value of a single unit of an ETF or a stock. Consider this scenario: an investor is looking to invest $100…

Price Cuts the Flavour of the Season: Vanguard Europe Slashes Fees on ETFs and Index Funds
October 24, 2019

Vanguard adds fuel to the fee cut fire in financial services by slashing fees across its ETFs and index-tracking funds. The passive investing giant cut its fees down to an…

Private Equity Giant Blackstone Reports Third Quarter Earnings
October 24, 2019

Private Equity Giant Sees Big Jump in Fee-Related Earnings Private equity company Blackstone Group reported earnings for the third quarter of 2019. GAAP net income was $1.2 billion for the…