Grayscale Investments has expanded its executive team and board as part of its “next phase of growth,” adding four financial industry veterans to key leadership roles and reappointing founder Barry Silbert as board chairman. The expanded leadership team includes Diana Zhang as chief operating officer, Ramona Boston as chief marketing officer, Andrea Williams as chief
Bridgewater Associates founder Ray Dalio says the US government needs to rethink how it comes up with its economic data. Over the weekend, President Donald Trump fired the head of the Bureau of Labor Statistics, Erika McEntarfer, because of a large downward revision of job numbers. On Friday, the BLS revised down the job growth
During the months-long debate over stablecoin legislation this spring, crypto industry leaders tried, and failed, to notch a key victory: getting lawmakers on board with interest-bearing stablecoins. The GENIUS Act, which formally legalizes approved stablecoins in the U.S. and was signed into law last month, now prohibits stablecoin issuers from engaging in the increasingly common
Verb Technology will use $558 million in proceeds from a private placement to begin stockpiling and staking Toncoin, the Las-Vegas based marketer said in a press release on Monday. The cryptocurrency, which serves as the native token of the Telegram-linked The Open Network, will be treated as the company’s “primary treasury reserve asset,” it said—representing
MicroStrategy (Strategy) founder Michael Saylor argued on a television program that Bitcoin is still not fully understood by Wall Street and drew attention with a striking analogy: “Bitcoin is fed by the fire of truth, becoming smarter, faster and stronger every day.” Appearing on Fox Business’s “Making Money,” Saylor elaborated on his views on the
FED San Francisco Branch President Mary Daly made noteworthy statements about interest rate cuts. Daly said monetary policy adjustments would be discussed “immediately” at each Fed meeting going forward, but noted there was still significant uncertainty about whether a rate cut would occur in September. While Daly stated, “Two interest rate cuts would still be
As RWAs cement themselves as crypto’s second-fastest-growing sector, a who’s-who of fintech and blockchain heavyweights are launching Ascend, a hyper-selective program designed to turn startups into the standard-bearers of institutional adoption. Summary Ascend is a new elite accelerator for real-world asset (RWA) startups with live products and institutional goals. Backed by Odisea, Plume, Galaxy Ventures,
In last week’s BM Big Read — “When Bitcoin Picks a Political Side” — progressive Bitcoiner Jason Maier told an impassioned, in-depth story of political choice. Bitcoiners shouldn’t have sided with Trump in the run-up to the American election last year, he argued, since, a couple of years from now, it will set us back;