Northern Trust Is Helping Hedge Funds Invest in Cryptocurrencies
U.S.-based custody bank Northern Trust is helping traditional “mainstream” hedge funds expand into cryptocurrencies, says Forbes.
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Why the Advisor Crypto Technology Gap Is Closing
Christopher Robbins is a nationally recognized journalist who has been featured as a speaker and panelist on topics including investing, personal finance and wealth management. When I first became aware of cryptocurrencies a little more than a decade ago, no one I knew was investing in them.That changed quickly, as people around me began to buy,…
CFTC Overreached in Suing Binance, Crypto Exchange Says
The U.S. Commodity Futures Trading Commission (CFTC) is reaching beyond its jurisdiction in trying to sue Binance, the global crypto exchange said in a motion to dismiss the regulator's lawsuit against it.The filing leans heavily on the view that the CFTC is overreaching in suing Binance, which does not operate in the U.S., and its…
Leading Japanese Firms Partner on Security Token Research
news Mitsubishi UFJ Financial Group – Japan’s largest financial group and the fifth largest bank in the world by assets – is leading a 22-member research consortium to develop standards around security token management. The group – the Security Token Research Consortium – includes security issuers, broker dealers and technology companies, such as NTT Docomo…
Bitcoin Sinks Below $5K Despite Fed Reserve’s Slashing of Interest Rates
Mar 16, 2020 at 11:30 UTCUpdated Mar 16, 2020 at 11:31 UTCBitcoin Sinks Below $5K Despite Fed Reserve’s Slashing of Interest RatesBitcoin has dropped below $5,000 even as market uncertainty in the wake of the coronavirus outbreak pushed the U.S. Federal Reserve to cut interest rates to zero. The cryptocurrency slumped below $5,000 as the…
Coliving Project Cabin Wants to Put Digital Nomads in Nature
A woodsy, digital-native coliving project is trying to rethink the modern city – with just a touch of crypto governance.The project, Cabin, escalated that effort Tuesday with plans for the first “network city,” a global alliance of self-governing neighborhoods accessible to “citizens'' who hold NFTs. Project backers say living in these neighborhoods will be cheaper,…
Ether Traders May Be Hedging Against DeFi Slowdown: Analyst
Sep 10, 2020 at 11:17 UTCUpdated Sep 10, 2020 at 11:21 UTC(Javier Crespo/Shutterstock)Options market data shows increased activity in ether (ETH) puts, or bearish bets. According to one trader, that reflects fears of a drop in prices led by a slump in decentralized finance (DeFi). Ether's put-call volume ratio – a measure of activity in…
Chainlink’s Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live
Data provider Chainlink’s Cross-Chain Interoperability Protocol (CCIP), designed to help build cross-chain applications and services, is now live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains.CCIP was being tested by at least 25 partners that are now beginning to move to the mainnet; decentralized finance protocol Aave and decentralized liquidity platform…
ANALYSIS: The Global Game of Coins Heats Up
Jan 10, 2020 at 20:00 UTCUpdated Jan 10, 2020 at 20:08 UTCChina’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency is actually in, it’s clear that China wants the world to see…