Thursday, June 4
Crypto Custodian Anchorage Teases Growth Plan With 2 Executive Hires
24May Annette WeberBy Annette WeberNo Comments
PR Wire

Crypto Custodian Anchorage Teases Growth Plan With 2 Executive Hires

Anchorage now has six executives in its C-suite, hiring a head of finance and head of sales with experience in both tech and Wall Street. Julie Veltman, who’s joining the crypto custodian as head of finance, has issued new asset-backed securitizations for Merrill Lynch’s Structured Product Capital Markets group. She also built out a broker-dealer, debt issuance platform and fixed-income trading business for financial services firm Cohen & Company. Most recently, Veltman drove financial planning, reporting, and efficiency at Salesforce.  Geoff Clauss, who’s joining Anchorage as head of sales, has more than two decades of experience in private equity, wealth management and fintech. Before Anchorage, Clauss spent seven years overseeing sales at wealth management platform Addepar. He also ...
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Blockchain Explained: The rise of private blockchains
23May Alonzo CollinsBy Alonzo CollinsNo Comments
Blockchain

Blockchain Explained: The rise of private blockchains

What companies are using private blockchains today and why?Walmart has developed a blockchain system based on Hyperledger Fabric to trace the provenance of their products. The blockchain allows suppliers to upload certificates of authenticity to the ledger securely, bringing more trust to a system and enabling the company to trace products back to source within seconds rather than days. After successful trials with two products, the company is looking to roll it out further. Like other private blockchains, Walmart’s traceability system does require its suppliers to participate in the system to ensure its veracity, but the company is large enough to impel them to comply.  De Beers has launched a ‘secure and immutable trail’ using a private blockchain called Tracr, to verify the authentici...
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A hedge-fund chief overseeing $2 billion shares 5 reasons he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset | Currency News | Financial and Business News
23May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

A hedge-fund chief overseeing $2 billion shares 5 reasons he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset | Currency News | Financial and Business News

Reuters / Dado Ruvic Mark Yusko, the CEO and chief investment officer at Morgan Creek Capital Management, shared several reasons he thinks bitcoin's price will hit $100,000 by the end of 2021. Yusko said it would be "perfectly logical" for bitcoin to hit $400,000 to $500,000 if its market capitalization moves toward that of gold. The call comes after the legendary investor Paul Tudor Jones' recent disclosure that he's built a stake of bitcoin futures, making him the latest investment mogul to buy the cryptocurrency. Click here for more BI Prime stories. With the legendary investor Paul Tudor Jones disclosing purchases of bitcoin futures for the first time, it's become increasingly clear that market denizens who were once skeptical about the cryptocurrency are revisiting their stance. But M...
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Blockchain Bites: Satoshi’s Sword of Damocles
23May Annette WeberBy Annette WeberNo Comments
PR Wire

Blockchain Bites: Satoshi’s Sword of Damocles

Top ShelfYesterday, some of the earliest mined bitcoin moved after more than a decade of dormancy. Whale Alert – a popular, mostly-automated Twitter account that tracks major crypto transactions – broadcast the message across the cryptoverse, saying 40 coins mined in the first month of the network’s operation had transferred from a “possible #Satoshi owned wallet,” referring to bitcoin’s long silent creator, Satoshi Nakamoto.  This unfounded connection – based on the age of the bitcoin, and the fact they had not been moved for 11 years – caused a minor market stir. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Since then, blockchain...
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Crypto market grows by $13 billion as bitcoin breaks the $10,000 threshold for the first time since February | Currency News | Financial and Business News
23May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Crypto market grows by $13 billion as bitcoin breaks the $10,000 threshold for the first time since February | Currency News | Financial and Business News

Reuters The cryptocurrency market added $13 billion in value over the past day as bitcoin jumped more than 6% Thursday evening. Bitcoin has rallied more than 100% from its March 16 low and has eclipsed $10,000 for the first time since February. The three major reasons for the move include anticipation of the next bitcoin halving, institutional investors adding exposure, and the perception that bitcoin would protect against a surge in inflation. Visit Business Insider's homepage for more stories. Bitcoin jumped 6% on Thursday, causing a $13 billion surge in market value for the entire cryptocurrency market, according to data from Coindesk. The entire cryptocurrency market is worth a combined $267 billion as of Friday morning, data from CoinMarketCap shows.  The top three...
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‘Dismantle the Euro to Save Europe’ Featuring Tuomas Malinen
23May Annette WeberBy Annette WeberNo Comments
PR Wire

‘Dismantle the Euro to Save Europe’ Featuring Tuomas Malinen

The coronavirus pandemic is putting more pressure than ever before on the already structurally weakened European economic and political landscape. The European Union and the euro are part of the most ambitious political and economic experiment of the 21st century. The COVID-19 crisis, however, has exacerbated growing questions of political will and political legitimacy and led some to wonder if the eurozone can survive.  Tuomas Malinen is the CEO of GnS Economics, a macroeconomic advisory firm, and Adj. Professor of Economics at the University of Helsinki. In this interview, he and NLW discuss: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an in...
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Hedge funds posted their best month since the financial crisis in April amid the torrid market rebound | Currency News | Financial and Business News
23May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Hedge funds posted their best month since the financial crisis in April amid the torrid market rebound | Currency News | Financial and Business News

Spencer Platt/Getty Images Hedge funds posted their best month in more than a decade as March's lows gave way to a resounding rally through April. Eurekahedge's Hedge Fund Index gained 3.7% last month, its biggest jump since May 2009. A combination of Federal Reserve action, risk-on attitude, and optimism toward COVID-19 vaccine trials pushed investors back into the stock market. Major US indexes posted their best month since 1987 and rallied out of bear market territory.  Nearly 80% of the index's members gained in April, with 10% of managers posting double-digit returns. Eurekahedge's North American Hedge Fund Index jumped 5.4%, while its European peer gained 3.5%. The index for Asia excluding Japan posted the biggest regional win with a 6.5% return, while the Japan-focused hedg...
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Kin Foundation Publishes First Transparency Report Amid SEC Court Fight
23May Annette WeberBy Annette WeberNo Comments
PR Wire

Kin Foundation Publishes First Transparency Report Amid SEC Court Fight

The Kin Foundation is offering a peek under the hood. The group published a transparency report Thursday, laying out its structure and operations, in a partnership with Messari and its disclosure database.  According to the report, the Kin Foundation plans its budget a year in advance, with funds going to app developers, node incentives, user grants and marketing and operations. There are 1.45 trillion kin tokens currently circulating, out of 10 trillion created in all.  The foundation is currently run by a board of directors that consists of two members: Kik Interactive CEO Ted Livingston and William Mougayar, author of “The Business Blockchain” and one of the founders of the Token Summit annual conference. Kik created kin in 2017. “The Board of Directors is appointed annually by the memb...
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