Tag: Financial

“Mind-Boggling” Returns Tempt Financial Giants

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In a recent Bloomberg report, it has come to light that the hedge fund industry is increasingly drawn to the allure of the memecoin sector, given the recent price increases and substantial profits that surpass those of Bitcoin (BTC) or the largest altcoins in the market. Memecoin Mania One example of the appeal of memecoins to traditional finance institutions is Newport Beach-based Stratos, which launched a liquid fund with the Dogwifhat token in December.  The Solana-based memecoin Dogwifhat, known for its mascot – a beanie-wearing dog – became a major…

Bitcoin Halving Sparks Next Bull Run: Cogwise Leads the Charge in Financial Prediction

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In the ever-evolving landscape of cryptocurrencies and financial markets, few events generate as much anticipation and excitement as the Bitcoin halving. As this phenomenon approaches, there’s a palpable buzz in the air, with enthusiasts and investors alike speculating about its potential impact on the market. This time around, however, a new player has emerged on […] Original

Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments

Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also acknowledged that while not being controlled for this use case, digital assets were already being used to settle international payments. […] Source CryptoX Portal

BIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System Shortcomings

BIS Head Agustin Carstens and Infosys co-founder Nandan Nilekani have proposed the idea of the “Finternet,” an interconnected financial system led by tokenized assets that would help to overcome today’s shortcomings in transacting financial assets. The core of this system would rely on the possibility of smart contracts managing these assets programmatically. BIS Boss Highlights […] Source CryptoX Portal

A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks

Approximately a fifth of America’s Gen Z and Millennials own cryptocurrency but only 20% own real estate, the latest Policygenius 2024 Financial Planning Survey has found. The survey report asserts that Baby Boomers have “benefited greatly from housing wealth,” which now accounts for nearly half of their wealth. Boomers Least Interested in NFTs According to […] Source CryptoX Portal

China’s Largest Fund Managers Eye Spot Bitcoin ETFs in Hong Kong’s Financial Markets

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Two of China’s largest fund management firms have recently been reported to be filing applications for spot bitcoin exchange-traded funds (ETFs), according to regional sources on Monday. Harvest Global Investments and Southern Fund are seeking approval from Hong Kong’s Securities and Futures Commission (SFC), aiming to obtain authorization to introduce spot bitcoin ETFs. China’s Investment […] Original

Crypto Exchange OKX Quietly Settled ‘Failings’ Related to Okcoin With Malta Financial Services Authority (MFSA)

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“On 22 January 2024 the MFSA agreed to settle pending matters with the Company after demonstration of goodwill by the Company,” the regulator said. “Additionally, the Company and the MFSA have also agreed on a number of measures, including the appointment of an independent third-party service provider, to inter alia, review the adequacy of the Company’s governance arrangements.” Source

Congolese Fintech Startups, Government Form Association to Accelerate Financial Inclusion

Democratic Republic of Congo (DRC)-based fintech startups have partnered with the government to launch an association. The goal of the collaboration is to accelerate financial inclusion in the African country. By partnering with the government, the association will play a crucial role in shaping “policies that encourage investment, competition, and access to financial services.” Bolstering […] Source CryptoX Portal

‘Financial superhighway’ Bitcoin will hit $3.8m

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ARK Invest CEO Cathie Wood expects Bitcoin’s value to soar on “financial superhighway” toward $3.8 million. “If institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you,” Wood said at Friday’s Bitcoin Investor Day conference in New York. In January, Wood predicted Bitcoin might reach $1.5 million by 2030. The cryptocurrency has increased by 45% since the beginning of the year and is currently trading…