A cryptocurrency protocol called M^0 has built decentralized infrastructure that allows any institution to mint stablecoins backed by U.S. Treasuries. Today, it’s announcing both a $35 million Series A raise and the deployment of the layer atop Ethereum. Decentralized finance continues to face the issue of how to attract the type of liquidity afforded legacy
Robinhood announced on Thursday that it has acquired Bitstamp, one of the world’s oldest cryptocurrency exchanges, in an all-cash deal expected to be worth around $200 million. The acquisition, which is expected to close in the first half of 2025, will advance one of Robinhood’s strategic goals by expanding the company’s presence in overseas markets.
A few days after the settlement cycle for U.S. securities returned to T+1—meaning “trading day plus one business day”—SEC Chair Gary Gensler called the conversion “historic,” saying the transition had gone “smoothly so far.” The move, he added, “will benefit investors and take risk out of the system.” Switching from T+2 is “win-win” for hedge
When Yida Gao returned to MIT in 2022, the former varsity pole vaulter and Phi Beta Kappa honoree had big shoes to fill. The prestigious university had asked him to teach a graduate course at the business school on crypto and finance, a position recently vacated by Securities and Exchange Commission chair Gary Gensler. Just
Leading meme cryptocurrency Pepe Coin has spiked nearly 1,400% since last year delivering massive profits to investors. Traders who took an entry position into Pepe after Q3 of 2023 and mostly enjoying profits currently. However, one investor went a step ahead in profits and generated millions in a short period. The development shows that anything
Cryptocurrency – Trading – Chart – ETF Active management and cryptocurrency are attracting investors’ attention in 2024. Combine those two and you get some of the highest-performing exchange-traded funds of the year. While the passively managed spot bitcoin ETFs have performed well, three of the top five crypto ETFs, as measured by year-to-date performance, are actively managed,
Last month, in remarks to a crowd of supporters, former President Donald Trump added a new dynamic to November’s election—and reignited debate about the future of the digital asset industry in the U.S.—by declaring, “…if you are in favor of crypto, you better vote for Trump.” It wasn’t subtle, but it was acknowledgement of crypto’s
Cryptocurrency Market Prediction: The Cryptocurrency market size is expected to reach US$4.133 billion by 2028 from US$2.216 billion in 2023, with a CAGR of 15.64%. This is driven by the escalating use of digital currencies in developing and developed countries, along with blockchain technology providing more transparency and security. This article discusses the current industry
In a landscape defined by unprecedented digitization and global connectivity, cross-border payments remain a paradox. That’s because, despite the size of the total addressable market — which is projected to reach a staggering 290 trillion by 2030 — cross-border payments are fraught with inefficiencies, high fees and delayed transactions. A situation almost entirely due to
Some investors might be trying too hard to understand bitcoin and missing an investing opportunity in the process, according to an executive from Fidelity Digital Assets. Matt Horne, head of digital asset strategies at the firm’s custody and trading arm for institutional investors, said investors and advisors are busy sharpening their cryptocurrency thesis when a