Robert Kiyosaki has declared the traditional 60/40 investment portfolio dead following Morgan Stanley’s adoption of a 60/20/20 allocation model. The “Rich Dad Poor Dad” author argues the conventional approach failed when President Nixon removed the dollar from the gold standard in 1971. The traditional 60/40 portfolio allocated 60% to stocks and 40% to bonds. Financial
The United Kingdom is stepping deeper into the blockchain era, as the government prepares to appoint a “digital markets champion” to spearhead its efforts in tokenizing wholesale financial markets, Bloomberg reported. This move reflects the UK’s growing ambition to modernize its financial infrastructure and keep pace with the global race toward digital finance and blockchain-driven
Shares in BitMine Immersion Technologies managed to end a choppy day of trading at a slight gain after the crypto treasury company became the latest target of short seller Kerrisdale Capital. Kerrisdale said in a report on Wednesday that Tom Lee’s BitMine is “chasing a model that is on its way to extinction,” as it
QumulusAI, a company building GPU-powered cloud infrastructure for artificial intelligence, has locked in a $500 million credit facility to fund its growing fleet of graphics processing units (GPUs). The financing was arranged by Permian Labs and will be distributed via USD.AI, a blockchain-based credit protocol that connects crypto liquidity to real-world infrastructure, according to an
The venture arm of the U.S. multinational bank Citigroup (C) made a strategic investment in stablecoin payments platform BVNK, the companies announced on Thursday. Citi Ventures joins Visa (V) in backing BVNK, after the payments giant made its own strategic investment in the company in May this year. The companies have not disclosed the size
The U.K. officially lifted its multi-year retail ban on crypto exchange-traded notes (ETNs), saying the digital asset market has matured enough for individuals to invest through regulated products, even if investors will have to wait a little longer to add them to their portfolios. In a policy update Wednesday, the Financial Conduct Authority (FCA) confirmed
A new crypto infrastructure startup called Block Street has raised $11.5 million to build what it calls an “execution layer for on-chain stocks.” The funding round was led by Hack VC, with backing from Generative Venture, DWF Labs and others including executives from firms like Jane Street and Point72. Block Street’s pitch is that trading
Ripple secures major industry recognition as its blockchain-powered payment solutions gain traction, boosting cross-border efficiency, real-world adoption, institutional support, and global financial system modernization. Ripple Earns Top Honors for Real-World Blockchain Payment Solutions Blockchain-based payment innovation is gaining momentum as financial institutions increasingly look to digital assets for real-world applications. At the recent PAY360 Awards,
The Federal Reserve’s Payments Innovation Conference on Oct. 21 will bring some of the world’s most powerful voices in global finance and cryptocurrency to a small island off the coast of Connecticut. Among the discussions to be had will be talks surrounding how innovation is changing payments and shaping what money looks like in a