76% of finance professionals believe digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Neuberger Berman’s $164 million commodities fund can now invest up to 5% of its total assets in bitcoin futures and exchange-traded funds (ETFs), the firm said in a regulatory filing.

PayPal is launching its cryptocurrency services in the United Kingdom, allowing its residents to buy, hold, and sell cryptoassets through PayPal. The company has BTC, ETH, LTC, and BCH listed on its platform.

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Top stories in the Crypto Roundup today:

• Crypto Will Rival or Replace Fiat in 10 Years: Survey
• Neuberger Berman’s $164 Million Commodities Fund Can Invest 5% in Bitcoin
• PayPal Launches Crypto Services in the UK
• Chart of the week: Average Crypto Trading Volumes
• Sponsored: Crypto.com - The World’s Fastest Growing Crypto App

Crypto Will Rival or Replace Fiat in 10 Years: Survey

76% of finance professionals believe that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years,” according to Deloitte’s annual global blockchain survey.

Deloitte, one of the “Big Four” accounting firms, has conducted an annual blockchain survey for the last four years. This year’s survey is the first to explicitly cover commercial activities enabled by blockchain technology.

The firm surveyed over 1,000 finance professionals in various countries between March 24 and April 10.  84% of respondents agreed blockchain technology is “broadly scalable and has achieved mainstream adoption,” while 73% thought their business should adopt blockchain and cryptoassets to avoid losing its competitive advantage.

65% of respondents also considered the existing financial infrastructure among the biggest obstacles for the acceptance of cryptoassets. Notably, 43% suggested their businesses may eventually adopt crypto as a payment method, while 45% could tokenize their assets.

Neuberger Berman’s $164 Million Commodities Fund Can Invest 5% in Bitcoin

Neuberger Berman’s $164 million commodities fund can now invest up to 5% of its total assets in bitcoin futures and exchange-traded funds (ETFs), the firm said in a regulatory filing.

The fund received an initial go-ahead that allowed them to gain exposure to bitcoin and ether through derivatives products earlier this month. However, ether now appears to be off the table as the filing only mentioned bitcoin and is meant to replace the original.

Neuberger Berman, a $400 billion asset manager, has a number of crypto ETFs on its whitelist, but it cannot invest directly in cryptoassets over regulatory concerns.

PayPal Launches Crypto Services in the UK

PayPal is launching its cryptocurrency services in the United Kingdom, allowing its residents to buy, hold, and sell cryptoassets through PayPal. The company has BTC, ETH, LTC, and BCH listed on its platform.

The move marks PayPal’s first expansion of its cryptocurrency services outside of the United States after launching them in November of last year. Jose Fernandez de Ponte, a senior executive a PayPal’s crypto division, cited the “digitization of money” as one of the primary motivations for the firm to move into crypto.

“Our global reach, digital payments expertise, and knowledge of consumer and businesses, combined with rigorous security and compliance controls provides us the unique opportunity, and the responsibility, to help people in the U.K. to explore cryptocurrency.”

PayPal is said to have over 2 million monthly active users in the United Kingdom.

Chart of the week: Average Crypto Trading Volumes

In August, top cryptocurrencies reignited the 2021 bull run, with Ethereum’s platform competitors seeing the highest returns amongst the top cryptoassets. SOL, ADA, and DOT are up 98%, 60%, and 42% so far this month, compared to ETH’s 19%.

The price action is coupled with notably higher volume growth that suggests Ethereum’s market leadership in decentralized applications is all but certain. A monthly breakdown can be seen in the chart above.

Check out more CryptoCompare research in the link below

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