Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings. Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin treasury assets. NLW digs into what Stone Ridge is, why it spun off New York Digital Investments Group (NYDIG) and how the company has quietly built itself into a serious player in […]
Asset
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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Crypto trader, analyst and operator Qiao Wang looks at bitcoin’s macro resilience and why DeFi is here to stay. Today on the Brief: Stimulus talk shutdown spooks markets House recommends antitrust actions but likely to get nowhere CBDC trial results from China Our main discussion is with trader and entrepreneur Qiao Wang. In this conversation, NLW and Qiao discuss: Bitcoin’s resilience in the face of a […]
The US Postal Service Is A National Asset September 30, 2020 The US Postal Service Is A National Asset2020-09-302020-09-30https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/joe-piette-main-image-2.jpg200px200px Above photo: Joe Piette/Labor Notes. Don’t trash it! Introduction: The financial problems of the United States Postal Service (USPS) are the result of misguided policy decisions — some of them long-standing — not declines in first-class mail, its primary source of revenue. With the increased demands of […]
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year’s top performing investment. Source link
Under the partnership, Anchorage will provide crypto custody services to Jewel, which is applying for its full bank license in Bermuda. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Avanti Financial expects to open its doors this October with a new bank-issued digital asset. Led by Wyoming blockchain advocate Caitlin Long, the crypto-friendly bank announced Thursday its application was accepted by the Wyoming Division of Banking on July 15. Avanti will open in the fall because the regulator accelerated the timeline of its application process. In the same announcement, Avanti revealed its plans to issue […]
Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at firms including Merrill Lynch and Citadel Securities. Decentralized money is important, but tokenized ownership is perhaps an even bigger and more important concept, as it stands today. […]
The Commodity Futures Trading Commission (CFTC), which regulates the U.S. bitcoin and ether derivatives markets, plans to develop a digital asset innovation blueprint by 2024. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies […]
Charles Hoskinson, IOHK’s CEO, will become an advisor to Wave Financial as part of the deal. Source link
New York Digital Investments Group (NYDIG) raised $190 million from 24 investors for another bitcoin fund. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
KPMG has built a suite of tools designed to help both traditional financial companies and fintech startups provide tightly managed crypto-asset services. Targeting institutional clients, the new KPMG Chain Fusion product lets customers manage their data in compliance with regulations around financial reporting, security and processing needs. The suite allows these customers to collect and organize data from both traditional systems as well as blockchain databases, […]
The U.S. Securities and Exchange Commission (SEC) moved to halt an allegedly fraudulent digital asset investment fund run by two Pennsylvania brothers. The SEC announced Friday it had filed a temporary restraining order and asset freeze against Sean and Shane Hvizdzak and their corporate entities, alleging the brothers stole millions from victims who thought they were investing in high-growth crypto opportunities. Investors had been told they […]
With Galaxy Digital now working on an educational course for financial advisers, founder Mike Novogratz told CoinDesk he hopes it will help finally kick-start the institutional use of bitcoin, and turn around the asset manager’s fortunes. Novogratz, a Wall Street veteran, loves a compelling narrative. “Bitcoin specifically is a story about adoption,” he said a few minutes into our call. “And the next big group that’s […]
Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March’s global financial meltdown, according to analysts at one of the world’s largest investment banks. In a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairly uncorrelated asset to one whose price more closely tracks traditional stocks. […]
Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum offering price of $25, or 80,000 shares. “The Shares will provide […]
Wilshire Phoenix, an asset manager which tried to launch a bitcoin exchange-traded fund (ETF) last year, has filed to launch a new Bitcoin Commodity Trust. According to a Securities and Exchange Commission (SEC) filing published Friday, the New York-based Wilshire Phoenix intends to offer bitcoin to certain investors through the new trust, with a maximum offering price of $25, or 80,000 shares. “The Shares will provide […]
Cryptocurrency traders don’t seem to care that Goldman Sachs is such a bitcoin hater. At least, that’s the signal markets are sending. Bitcoin prices have surged since the Wall Street heavyweight’s money-management division declared in a presentation this week that the cryptocurrency is “not a suitable investment for our clients,” merely a beneficiary of a “mania” worse than the infamous run on Dutch tulips in the 1600s. You’re […]
Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation in the context of the COVID-19 crisis. The big takeaway? The stalwart investment bank is still no fan of bitcoin or other cryptocurrencies. A slideshow released before the call cited hacks and other losses related to cryptocurrencies as well as their use to “abet illicit activities” as some potential liabilities. […]
One of Asia’s largest crypto exchanges by trade volume, OSL, has teamed with U.S. enterprise startup Monsoon Blockchain to further asset and money digitization. OSL, which targets institutional and individual investors with trading, brokerage and custody services, is seeking to establish “a digital asset powerhouse” in the U.S. and Asia regions, Monsoon said in a press release Tuesday. The deal aims to combine intellectual property, deal […]