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An Intro to ... Digital Asset Management
By Zoe Shing, NexChange What is Digital Asset Management? If you google ‘digital asset management,’ you will get bombarded with many different definitions of the term. To some, it may be simple enough, but it can get very confusing when everyone has a different understanding of the word. This is why this article is here to help put all your
An Intro to ... Cryptocurrency Hedge Funds
By Zoe Shing, NexChange Many will have heard of “cryptocurrency fund” or “hedge fund,” but “cryptocurrency hedge fund” is still a rather recent term. This article explains everything you need to know about these funds and the risks that come with them. Cryptocurrency Funds The term “Cryptocurrency fund” is frequently used interchangeably with “cryptocurrency hedge fund.” A fund that trades
Accountancy Giant PwC Adds Crypto Auditing to Its List of Services
PwC, the Big Four accounting firm, can now audit crypto companies, writes Bloomberg: Teams across PwC spent the past year designing tools that could match the private keys and public addresses assigned to crypto asset accounts, Ralph Weinberger, head of PwC's Global Assurance Methodology, Learning and Education Organization, said by phone. The auditor's tools can't access the unique alphanumeric security
Fintechs And Financial Institutions: The Case For Collaboration
Fintech firms and financial institutions are often viewed as rivals. Fintechs are spawning innovations that allow users to bypass traditional banks, especially in emerging markets where branch banking is inconvenient. Rather than spend hours traveling to a branch and even more time standing in line, digital innovation makes banking possible by downloading a smartphone app or keying in a USSD code.
Decentralised Financial Technologies: Entering A New Frontier
Off the back of the Financial Stability Board’s recent report, detailing the financial stability, and regulatory and governance implications of decentralised financial technologies, we have compiled commentary from a diverse range of leading blockchain companies below. They have provided insights on the findings of the report, and what it means for the broader blockchain and crypto landscape. jaydeep_ / Pixabay
Stanley Druckenmiller on Bitcoin: ‘I Don’t Understand Why It’s a Store of Value’
Hedge fund legend Stanley Druckenmiller may have invested in a stablecoin, but that doesn’t mean he wants anything to do with Bitcoin. Following an interview by Scott Bessent, another Soros alum, at the Economic Club of New York, Druckenmiller was asked what he thought about bitcoin, given that it’s – as the questioner put it – one of “the few
Fido Gears up to Trade Crypto
If you were looking for a sign that crypto was going mainstream, this is probably it. Bloomberg: Fidelity Investments, which began a custody service to store Bitcoin earlier this year, will buy and sell the world’s most popular digital asset for institutional customers within a few weeks, according to a person familiar with the matter. The Boston-based firm, one of
CBOE To Discontinue Bitcoin Futures Trading
CBOE Global Markets announced last week that it does not intend to list additional XBT futures contracts for trading, according to The Wall Street Journal. What Happened XBT is the symbol for bitcoin futures listed by CBOE. Monthly futures contracts expire every month; since CBOE will not list new futures going forward, the market will wind down with the expiration
JPMorgan Becomes First U.S. Bank to Issue its Own Cryptocurrency
Of all the financial institutions one might guess would become the first U.S. bank to issue its own digital coin, it's safe to assume that JPMorgan Chase would not be the first choice. After all, CEO Jamie Dimon has famously called bitcoin "a fraud" and then doubled down on his criticisms by declaring "these crypto things are kind of a
Canadian Crypto Exchange Mistakenly Moved Additional Bitcoin into Wallet it Can't Access
In its first report looking into what happened to the money that shuttered Canadian crypto exchange QuadrigaCX owes its investors, advisory firm Ernst & Young has found that an additional 103 bitcoin valued at C$468,675 ($354,300) were moved on Feb. 6 to a cold wallet protected by a password only its founder - who died in December - knew. Quadriga