Galaxy Digital hires veteran hedge fund executive as new CFO

December 13, 2024 Coin Telegraph

Blockchain

Tony Paquette will reportedly assume the chief financial officer position as Alex Loffe transitions into a new role.

Galaxy Digital Holdings, a financial services and investment firm, has hired former Point72 executive Tony Paquette as its new chief financial officer.

According to an announcement published on Dec. 13, Paquette is set to replace current chief financial officer Alex Loffe, who will move into a senior advisory role on Jan. 1, 2025.

The turnover comes amid a period of financial turmoil for the company and a rapidly changing regulatory environment for cryptocurrency and blockchain technology in the US.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

MicroStrategy will eventually unravel — Bitcoin bulls should look elsewhere

December 10, 2024 Coin Telegraph

Bitcoin

MicroStrategy’s stock premium has benefited from a virtuous cycle in the bull market. It will eventually reverse course.

Opinion by: Alex O’Donnell, Senior Writer for Cointelegraph.

MicroStrategy’s multibillion-dollar Bitcoin bet has paid off spectacularly. Still, the good times won’t last. When cheap financing dries up, Microstategy’s stock price will wither.

Copycats risk similar fates. Bitcoin (BTC) maxis should look elsewhere.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

US Bitcoin reserve is possible to achieve but not without downsides

December 2, 2024 Coin Telegraph

Adoption

Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.

During his 2024 election campaign, United States President-elect Donald Trump made many crypto-related promises, including establishing a “strategic Bitcoin stockpile.” The idea has since picked up steam both in the United States and abroad.

While there has been plenty of talk, a clear roadmap and timeline for the implementation of a Bitcoin (BTC) strategic reserve haven’t been hashed out by lawmakers yet.

Speaking to Cointelegraph, Tim Ogilive, global head of institutional at crypto exchange Kraken, said at its core, establishing a strategic Bitcoin reserve is a “straightforward process.”

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

The Train Has Left the Station: Is It Too Late to Invest in Bitcoin?

November 26, 2024 Bitcoin.com

Bitcoin

With the current price hike and the expected rise in bitcoin adoption by nation-states and private corporations, the world’s attention is on the digital asset. But is it too late to invest in bitcoin, enter the market, and reap the benefits? Not Early, but Not Late: Should You Invest in Bitcoin Now? Bitcoin has recently […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

November 18, 2024 The Daily Hodl

Institutional Crypto Products See ,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Bitcoin

Digital assets manager CoinShares says that institutional investors dropped over two billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in net inflows of $2.2 billion last week. “Digital asset investment products saw further inflows of US$2.2bn last week, raising […]

The post Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares appeared first on The Daily Hodl.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Ex-Pimco, Millennium execs set up crypto advisory business

November 11, 2024 Coin Telegraph

Advisory

After leaving crypto liquidity firm GSR in 2023, former Millennium and Pimco executives are coming back to crypto by launching a dedicated advisory firm.

Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Co (Pimco), are reentering the cryptocurrency space amid a major market rally.

Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on Nov. 11.

Expected to launch in November 2024, x2B will advise crypto projects on sectors like fundraising, tokenomics and market-maker strategy, exchange listing and treasury management.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

AI memecoin millionaire Truth Terminal has sparked an AI boom in crypto

October 23, 2024 Coin Telegraph

Emerging developments in AI could provide the breakthrough that has been missing for cryptocurrencies.

It’s no secret that since 2022, nearly every industry has been exploring how to integrate artificial intelligence into their daily operations — and crypto is no exception.

But unlike most sectors, which are concerned with how AI may benefit them, crypto asks the reverse question: How can AI leverage blockchain to unlock new potential?

One of the most exciting intersections between artificial intelligence and crypto is the rise of autonomous AI agents. These agents are now using cryptocurrencies to enhance their capabilities, and they’re rapidly gaining momentum.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Winklevoss-backed DeFi platform launches after $6.9M investment round

October 22, 2024 Coin Telegraph

Winklevoss-backed DeFi platform launches after .9M investment round

Azura

Azura completed a $6.9 million investment round backed by the Winklevoss twins, Volt Capital and Alliance DAO.

Azura, a new all-in-one crypto application aggregation layer, has launched with support from some of the most notable crypto founders.

Azura, which brands itself as an onchain interfacing layer, launched on Oct. 22, aims to lower the entry barrier for new investors and enable them to trade any asset via decentralized finance (DeFi) applications.

Azura aims to support all blockchains and protocols, according to an Oct. 22 X post:

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Ripple Reveals Exchanges for Stablecoin RLUSD Launch

October 16, 2024 Bitcoin.com

bitcoin.com

Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and stability. Ripple Introduces RLUSD […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

October 14, 2024 Bitcoin.com

bitcoin.com

Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic uncertainty. Costco’s Gold Bars Are Selling […]

Investment

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