Finance News

US Financial Services Committee sets date to discuss future of crypto

• by admin
• June 7, 2023

The U.S. House of Representatives committee did not disclose all the topics for discussion, but the community expects the hearing to address critical issues in the space. NEWS The United States House of Representatives Financial Services Committee has scheduled a hearing on crypto to discuss its future and provide clarity for the digital assets ecosystem. […]

Finance News

Financial surveillance, privacy and CBDCs: Why are governments going cashless?

• by admin
• June 6, 2023

Attorney Marta Belcher joins The Agenda podcast to unpack financial surveillance’s vast infrastructure and warn of the potential ramifications of central bank digital currencies. PODCAST When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is […]

Finance News

A missing link in social giving: A SocialFi platform based on the gold standard

• by admin
• June 6, 2023

Tanzania gets a local crypto exchange to provide fiat off-ramp for crypto donations. SPOTLIGHT While social giving is seen as a key element in supporting the international development agenda, managing donations requires end-to-end clarity on the movement of funds. In its current state, donation management lacks reliable traceability features, making it difficult for donors to understand how […]

Finance News

What is profit and loss (PnL) and how to calculate it

• by admin
• May 24, 2023

PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more! 2603Total views 47Total shares Listen to article 11:54 Anyone who has dealt with trading in traditional finance is likely to be aware of profit and loss (PnL). But is […]

Finance News

Tokenization, Explained

• by admin
• April 16, 2023

What is tokenization? Tokenization is the process of turning things into digital assets. Assume you have a farm that is worth $1 million. It has a big barn, cows, rabbits, a hedgehog — you name it. All of a sudden, you are desperately in need of money, you can sell that farm the old way […]

Finance News

Ark Invest Fund Manager Cathie Wood Buys More Coinbase Stock – Bull Market Starting Soon?

• by admin
• January 18, 2023

Well-known tech investor Cathie Wood’s fund Ark Invest has taken a bigger stake in Coinbase, buying up an additional $3.2m worth of shares in the crypto exchange. The latest purchase means that Ark Invest’s flagship exchange-traded fund (ETF), ARK Innovation ETF (ARKK), now holds 5.8 million COIN shares, worth around $228m at today’s price. The […]

Finance News

Cathie Wood’s Ark Keeps Buying Coinbase Stock – Is She Being Clever or Stupid?

• by admin
• January 18, 2023

Cathie Wood, CEO of investment management firm ARK Invest, has acquired more shares of major cryptocurrency exchange Coinbase which has lost almost 90% of its value over the past year.  The company purchased approximately $5.8 million worth of COIN stock on Thursday, split between the ARK Next Generation Internet (ARKW) and ARK Fintech Innovation ETF (ARKF) ETFs, […]

Finance News

Monex Mulls Purchase Of FTX’s Japanese Subsidiary

• by admin
• January 18, 2023

Monex Group, a financial services company based in Tokyo, has shown an interest in buying up the Japanese subsidiary of Sam Bankman-Fried’s defunct FTX crypto platform, according to Oki Matsumoto, the CEO of Monex. Talking to Bloomberg, Matsumoto said: “Generally speaking, we are naturally interested.” While he did not go so far to say that […]

Finance News

FTX Bosses Voiced Their Concerns About Client Fund Use, Court Papers Show

• by admin
• January 18, 2023

. The authorities claim that Sam Bankman-Fried siphoned billions of dollars in customer funds from FTX and used the money to make political contributions, finance trading at Alameda and buy luxury real estate in the Bahamas, where FTX was based. The two managers who voiced their concerns are not named, but described as high-level software […]