Bitcoin has long been cast as a technology experiment, a decentralized project pushing the boundaries of finance. But according to GetBit CEO Abhay Agarwal, that perception misses the point. “Bitcoin functions less like a tech project and more like a monetary asset,” the executive said in an exclusive interview with Coinpedia. “It is closer to
Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press
There are both bullish and bearish talks about the leading cryptocurrency, Bitcoin. While there are differing opinions on the direction of BTC, crypto analytics firm Alphractal has offered an updated analysis. Accordingly, Alphractal found an interesting correlation between South Korea’s KOSPI index and Bitcoin and claimed that the bull run for BTC may be coming
Get ready for a game-changer in the world of finance! A groundbreaking collaboration is set to transform how institutional investments operate. Chainlink has joined forces with major U.S. brokerage UBS and institutional tokenized asset exchange DigiFT to automate Chainlink tokenized funds on-chain. This marks a significant step towards blending traditional finance with blockchain, opening new
There is apparently a way to get Bitcoin from Earth to Mars in as little as three minutes using already-available technology. We just need someone, or something, to receive it. Late last month, tech entrepreneur Jose E. Puente and his colleague, Carlos Puente, published a white paper unveiling Proof-of-Transit Timestamping — a concept he told
The world of finance is rapidly evolving, with digital assets taking center stage. In a significant move highlighting this shift, AM Management, a leading provider of artificial intelligence-based quantitative solutions, recently announced a pivotal investment from Woori Financial Group’s Dino Lab Fund. This strategic backing underscores the growing confidence of traditional financial institutions in advanced
Goldman Sachs CEO David Solomon has shot down the notion that the US Federal Reserve will cut interest rates by 50 basis points in September, just days after Standard Chartered Bank made the aggressive forecast. “Whether or not we have a 50 basis cut, I don’t think that’s probably on the cards,” Solomon said during
Key Takeaways The SEC is close to approving ETF share classes for mutual funds, signaling a potential major industry shift. 65-70 mutual fund firms, managing trillions in assets, are preparing to launch ETF share class versions of their products. The Securities and Exchange Commission is close to approving ETF share classes for mutual funds, with
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. I started covering Franklin Templeton half a dozen years ago while on the asset management beat at a B2B finance pub. I wasn’t aware of the term TradFi back then and knew little about crypto. The $1.6 trillion money manager is
Bitcoin (BTC) surged above $114,000 on a strong rally. This surge was fueled by the weaker-than-expected August Producer Price Index (PPI) and last week’s downwardly revised employment data, along with the growing likelihood of a Fed rate cut. According to the Chicago Mercantile Exchange’s (CME) FedWatch tool, there’s a 90% chance of a rate cut