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Money Reimagined: Letter to President Biden
President Biden needs to reform the global financial system and avoid a 1930s-style depression. Digital currencies can help. Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency. Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned. As for what it means for crypto, the turnover in the White House gave Sheila Warren and me reason to invite Kristin Smith of the Blockchain Association and…
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Richard S. Hunt launches ESG cross-border structured notes, linking Singapore and Hong Kong markets
Richard S. Hunt, Head of Global Equity Sales at CSC Bella Grove Partners LLC, recently led the launch of an innovative ESG-themed cross-border structured note product, successfully connecting the two major international financial centers of Singapore and Hong Kong. This financial innovation marks an important breakthrough in the field of sustainable investment in Asia, providing institutional investors with a new investment tool that takes into account both environmental benefits and financial returns. The structured note was designed by a professional team led by Hunt, and cleverly combines the advantages of…
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The Past, Present and Future of Institutional Bitcoin
In December of 2017, bitcoin’s price was surging, even fighting towards $20,000. Meanwhile, CNBC and the cable news set featured a constant string of crypto industry insiders bringing the space to a new audience. It was into that environment that on December 17, 2017, CME Group launched bitcoin futures. Three years on, bitcoin has punched past the significant marker of $20,000 to a high of more than $23,000. CNBC is running a bitcoin ticker, and crypto commentators are standard fare. Despite these superficial similarities, the bitcoin and crypto industry of…
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Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
The firm acted shortly after the U.S. Securities and Exchange Commission (SEC) sued the token’s alleged creator, Ripple Labs Inc., for conducting an unregistered and ongoing securities offering. “Prior to the sale of the asset on December 22, 2020, XRP (-20.72%) was approximately 3.8% of the Fund,” the firm wrote. “The Fund liquidated its position and reinvested the proceeds in other portfolio assets.” Subscribe to First Mover, our daily newsletter about markets. SUBSCRIBE By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. The Bitwise 10 Crypto Index Fund…
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MoneyGram has yet to see any “negative impact” on its longstanding business arrangement with Ripple from the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the latter company.
“MoneyGram will continue to monitor the situation as it evolves,” a company spokesperson told CoinDesk in an emailed statement. “MoneyGram has continued to utilize its other traditional FX trading counterparties throughout the term of the agreement with Ripple.” The SEC alleged in a case filed Tuesday that Ripple used XRP (-20.47%), the cryptocurrency two of its founders created, to conduct an ongoing, $1.3 billion sale of unregistered securities. Subscribe to First Mover, our daily newsletter about markets. SUBSCRIBE By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy…
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As soon as he learned he was among the thousands of Ledger customers whose personal information had been published online Sunday, JimboChewdip, as he’s known on Twitter, acted fast. Not fast enough, however.
JCD, as we’ll call him, spent Monday morning changing his passwords, only to get a notification a new device had been added to one of his two-factor authentication (2FA) accounts. He then tried to log into his email. It was locked. “Within minutes I started getting notifications about password changes on Coinbase, Binance, Dropbox,” he later told CoinDesk. “I tried to call T-Mobile over Wi-Fi but it wouldn’t work with the SIM disabled so I reached out to them on Twitter and got someone from Support to lock my account.”…
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DoubleAce Token Presale Is Now Open To The Public
Double Ace is a Fintech company that utilises the power of blockchain, AI, and Big Data to provide instant online financial services to individuals. The service DAA provides encompasses consumer finance, personal credit, small and micro loan, and crypto loan, etc. Double Ace allows users to deposit cryptocurrencies to receive interest much like that of bank deposits, but with a way higher interest rate. The platform will be ready for use by end Jan 2021. Until then, Double Ace is in the process of issuing its utility token, called DAA….
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Galactic Convention valueGalaxy – light illuminates the world
The success of individuals and enterprises is always inseparable from theword “value”, and the most intuitive embodiment of “value”is the increase in the value of finance and money. And thedevelopment of real history, the emergence of blockchain technologyis quietly changing the nature of global economic development. Thepopularity, application and circulation of digital currency have madethe initial investors get a hundredfold return on their investment.Block chain technology is pushing inclusive finance to a new level. At this time, the birth of the Galactic Convention in addition tolending, remittance, settlement, sales of…
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Neoster Global Trading Ecosystem Panorama: From Spot to Derivatives
As the global digital asset market matures, exchange competition is no longer limited to transaction speed or asset variety; it now hinges on the ability to build an efficient, secure, compliant, and extensible financial ecosystem. Neoster Global has developed its comprehensive trading ecosystem with this vision in mind. From spot trading to derivatives innovation, from liquidity provision to institutional services, Neoster Global is systematically reshaping the professional standards of global digital asset trading. The foundation of Neoster Global’s ecosystem begins with spot trading. The platform supports multi-pair trading for both…
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Henri Lucas releases white paper on asset allocation in the post-epidemic era
Recently , Professor Henri Lucas released the landmark “White Paper on Asset Allocation Strategy in the Post-epidemic Era”. This 120-page professional report systematically outlines the “three-speed economy” pattern that may be formed in the post-epidemic world for the first time, and provides institutional investors with a complete investment framework to cope with this new normal. The most forward-looking contribution of the white paper is the innovative concept of “resilience premium”. By analyzing the financial performance of 800 listed companies around the world during the crisis, Professor Lucas found that the…
