Displaying items by tag: crypto

Friday, 03 December 2021 16:48

How to Capitalize on Stable Coin Regulation

Traditional crypto dominates headlines, and while regulations are an inevitability in the U.S.; stable coins are getting some attention from regulators as well. Stable coins are cryptos pegged predominantly the U.S. dollar, using assets like T-bills to back them as an underlying asset. They are used to trade other crypto currencies by many investors and have yields bringing in over 7%. However, the underlying assets backing stable coins are opaque and include commercial paper, loans, or swaps. The Biden admin is calling on Congress, and the Treasury if they fail to act, to regulate the industry because the fear of a run on stable coins is gowing. However, Wall Street views these regulations as a positive for the industry and legitimize stable coins. Mastercard, Visa, Western Union, Silvergate Capital and Signature bank could all benefit given how much they interact with stable coins.

FINSUM: Regulation is the best thing for stable coins, they get so many overseas investors who want hold dollar denominated assets, and this will calm fears of a run on the asset.

Published in Alternatives
Thursday, 18 November 2021 17:49

Are International Leaders Toppling Bitcoin?

Bitcoin is the most polarizing alternative investment by a wide margin and some say the slowing is natural, and the bull run is far from over. However, world leaders are singing a different tune. Swiss Bank Chair Alex Webber was the latest figure to speak out against the digital currency. While he showed appreciation for the underlying tech he said there was no chance that they would survive to upend the global payments structure. This was unwelcome commentary from bitcoin investors who saw prices fall severely in the last week. Additionally, China has targeted bitcoin again with shadow regulation and is the key driver in the price movements.

FINSUM: The biggest threat to bitcoin will always be regulation, particularly because its largest value as an asset class is currency conversion, particularly from developing nations.

Published in Alternatives

Earlier today, the first U.S. bitcoin ETF — the ProShares Bitcoin Strategy ETF (ticker: BITO) — began trading on the New York Stock Exchange...see the full story on our partner's site

Published in Alternatives
Monday, 01 November 2021 19:01

Another Traditional “Alt” Goes into Crypto

It was fun and games when GSA Capital’s Chris Taylor was investing in the crypto craze and run up in ‘doge coin’, but now GSA is all-in in strategic crypto trading. The $2.6 billion hedge fund sees profits in the early development of crypto as swelling hype and volatility will generate inefficiencies. Taylor is Cambridge-trained mathematician and will be part of the crypto research team. GSA was launched at the trading desk in Deutsche Bank, and they will continue arbitrage strategies with crypto. By shorting derivatives and going long on the spot they will continue their history of arbitrage, and further capitalize on crypto’s 40% swell already in 2021.

FINSUM: Quantitative strategies are ripe for exploiting less liquid, less developed markets like crypto.

Published in Alternatives
Saturday, 16 October 2021 10:18

Crypto’s on Fire: Bitcoin Surges to 60k

Bitcoin flew by $60,000 and is approaching all-time highs. This was a 4% climb in less than a day. Speculation is what pushed the world’s most prominent cryptocurrency higher, as it seems it seems regulators will be approving the first bitcoin exchange-traded fund. While there hasn’t been anything official, the ETF is set to launch at the NYSE on Tuesday, and investors are expecting the SEC to not object. Investors like Mikkel Morch, executive director at ARK36, are putting $65k price target on bitcoin. The rally wasn’t widespread in all crypto as both XRP and ADA slumped. Regulation is still one of the largest risks as central banks and governments around the globe are weary to embrace. Jon Cunliffe Dpubbt BoE Governor said crypto could spark a 2008 sized financial crisis.

FINSUM: Chinese regulators were the biggest threat to crypto earlier this year, but it appears the U.S. is moving more progressive on crypto regulation moving forward.

Published in Alternatives
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