Cryptocurrency Analysis and News Portal
Crypto exchanges have order books just like the NYSE, but the digital asset realm also offers something very different known as automated market makers (AMMs). Source
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While Bamra said DeFi norms, once released, “could help increase investor confidence, decrease exposure to risks, and encourage more consistent regulation" across jurisdictions, Chris Perkins, president and managing partner at investment firm CoinFund commended IOSCO for not “commingling” DeFi in its policy paper covering crypto asset service providers. Source
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Hunting Hill Global Capital, a New York-based traditional finance hedge fund with $364 million in assets under management as of a March filing, announced on Wednesday that it will starts its digital asset affiliate, Hunting Hill Digital (HHD), which is backed by an undisclosed investment from early-stage venture capital firm
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At last month’s Consensus 2023, CryptoX hosted two invitation-only Investor Manager Roundtables, one designed specifically for institutional investors (35 pensions, single family offices, sovereign wealth funds, and endowments and foundations) and the other for asset allocators (50 fund of funds, asset managers, and pension consultants). Source
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A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively.IOSCO on May 23 released a set of crypto-related regulatory recommendations as part of a consultation report developed by the IOSCO Board’s Fintech Task Force.The report includes 18 policy recommendations
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The fact that established players are also coming into the space, merging blockchain technology with traditional finance, also fuels growth, according to Doug Schwenk, chief executive officer of Digital Asset Research, a research and crypto data provider for institutional clients. Original Source
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Crypto needs to establish itself as a "brand-new" component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global.The company's United States arm recently filed for Chapter 11 bankruptcy, announcing it intended to return customer funds and wind U.S. operations.
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In its latest futures-based exchange-traded funds (ETF) filing, Valkyrie Funds utilizes one of the popular memes from the financial Twitter community, known as “fintwit,” to capture attention and interest.On May 16, the investment firm submitted a new application for a Bitcoin futures-based ETF to be listed on the Nasdaq with the ticker symbol
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Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA).In a May 16 report, the traditional finance sector lobby group, along with international consulting firm Boston Consulting Group (BCG)
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The head of the bank's Onyx Digital Assets platform, Tyrone Lobban said there is added caution post-FTX, but JPMorgan’s strategy hasn’t at all changed. Source
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