Even though the FTX trial has just gotten underway, the Department of Justice has already sent a strong message to the global crypto market; lack of crypto-specific standards and laws for every situation is not an excuse. Specifically, the DOJ rebutted an argument put forward by Samuel Bankman-Fried’s legal team. In this argument the position was taken that because 1) FTX was not regulated in the United States, and 2) that all applicable rule...
The potential of a bitcoin spot ETF hitting the market has been the news that many investors, both individual and institutional are waiting for, but how exactly does that process work?
When news broke that Blackrock had filed an application for the creation of a spot bitcoin ETF with the SEC the crypto market took this, correctly, as an almost universally good thing. Although some might decry the inroads being made by TradFi institutions into...
Blaming “brutal” conditions in the cryptocurrency market and an overly aggressive expansion , blockchain analytics provider Nansen has laid off 43 employees, or 30% of its staff, the company told Forbes.
“This will allow us to focus on our core products with data, analytics and research,” the company said in an email to Forbes. It plans to focus on an updated Nansen information dashboard (Nansen V2), and Nansen Query, a software that gives c...
Its software malfunctioning and CEO missing, moribund blockchain bridge Multichain suffered the additional indignity of a $120 million hack and announced that it would not resume operations.
The team behind the bridge announced in late May that it was unable to contact its CEO and co-founder, who goes by the single name Zhaojun, after rumors of his arrest in China appeared on Twitter. Zhaojun, who founded the company alongside DJ Qian, held ...
In the digital age, technological innovations have become a cornerstone of business operations, and companies are increasingly relying on advanced digital strategies to stay competitive. As tech-driven disruptions and cyber threats reshape industries at an unprecedented pace, the need for technical expertise on corporate boards has never been more pronounced. Meanwhile, with artificial intelligence (AI), blockchain, and digital identity techno...
Despite the negative headline, a recent Morningstar article published this month highlighted the power of adding bitcoin to a portfolio. According to their research, a 5% allocation to bitcoin in a traditional 60% Stock, 40% bond portfolio would increase the Sharpe Ratio, a measure of risk adjusted return, from .77 to .96, an increase of nearly 25%.
This article was not all positive however. “A 1% allocation to bitcoin... can quickly spiral ...
Bitcoin fell 3% on Friday afternoon in New York after the Securities and Exchange Commission (SEC) said it would not consider applications for exchange-traded funds based on spot bitcoin prices until mid-October. The decline effectively erased a weekly gain propelled by a court win for ETF hopeful Grayscale, which is trying to convert a bitcoin trust to the exchange-traded format.
The leading cryptocurrency is now valued at $25,528, accordin...
Understanding Exchange-Traded Funds And Bitcoin
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Exchange-Traded Funds, or ETFs, are investment vehicles that track specific assets or commodities. In the context of bitcoin, ETFs offer an avenue for investors to gain exposure to its price movement without actually holding the cryptocurrency. Instead of navigating cryptocurrency exchanges and wallet setups, investors can buy shares of a bitcoin ETF through conventional brokerage accoun...
"Art tech" refers to solutions that assist art market stakeholders—whether they're collectors, creators, or gallerists—in elevating their businesses. The inception of art tech predates the dot-com boom, with SaaS solutions targeting this market. Yet, nearly three decades on, the art market predominantly operates on PDFs, word processors, email lists, and spreadsheets.
According to the 2023 Art Basel and UBS market report, global art sales in...
