Author: Coindesk

The funds’ high yield targets are partly a function of its on-chain structure, he explained. Doing everything on a blockchain cuts as much as 150 basis points in fees that would otherwise go to administrative costs. In private credit, small- and mid-sized businesses in need of financing get their money from specialized lenders instead of banks. These deals have grown into a $1.7 trillion market, according to Bloomberg, that rivals the banks and caters to tony investor types who are willing to lock their money for years in exchange for strong returns. Read the full article here

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…

In conclusion, corporate governance practices in a blockchain world offer significant benefits to financial advisors’ clients. From enhanced transparency and trust to improved accountability, streamlined operations, enhanced security, and regulatory compliance, blockchain technology is revolutionizing the way financial advisors and their clients interact and collaborate. By embracing blockchain-based governance solutions, financial advisors can better serve their clients’ interests, help them achieve their financial goals, and build stronger, more resilient investment portfolios for a prosperous and sustainable future. Read the full article here

April 7: Obol Labs, a developer team focused on proof-of-stake blockchain infrastructure, said its distributed validator clusters are ready to be activated in the Lido Simple DVT Module on Ethereum Mainnet, after a period of testing and evaluation. According to a proposal voted on by the Lido community in October: Distributed validator technology, or DVT, “represents the fastest way to add many new Node Operators to the Lido Node Operator set with a more diverse profile of solo and community staker participants while benefiting from the technology’s inherent benefits such as increased resilience, distribution, and security. The Simple DVT module…

Bitcoin hit a record high above $73,500 about three weeks ago and then quickly retreated to the $61,000 area. It’s since retraced to the current $67,600, giving bulls some hope that new records are imminent. At least one sentiment indicator, though, indicates that the price correction has more room to run. Read the full article here

Staking platform Lido’s share of staked ether (ETH) has continued to fall, which should reduce concerns about concentration in the Ethereum network, raising the chance that ETH won’t be designated as a security in the future, JPMorgan (JPM) said in a research report on Wednesday.“The share of Lido in staked ETH has decreased further from around one third a year ago to around a quarter at the moment,” analysts led by Nikolaos Panigirtzoglou wrote.The Hinman documents, which were released last June, “revealed the role of network decentralization in the SEC’s thinking on whether a digital token should be classified as…

“This is a significant milestone in Coinbase’s journey in Canada,” said Lucas Matheson, the CEO of Coinbase Canada, in a statement. He said the exchange will keep working with Canadian partners “to accelerate the adoption of digital assets, foster economic empowerment, and reshape the financial system.” Read the full article here

It’s possible, facing as much as a $2 billion fine from the U.S. Securities and Exchange Commission (SEC), Ripple is looking for a new, proven revenue source. Garlinghouse is apparently unfazed by the crowded competition, telling CNBC: in the future the stablecoin “market will look different, certainly based on size.” Read the full article here

OneCoin’s co-founders, Bulgarian national Ruja Ignatova and joint U.K. and Swedish citizen Karl Greenwood, promoted the fictitious cryptocurrency – which never existed on any blockchain – through a kind of multi-level marketing scheme, paying initial investors to bring in more investors. By the time OneCoin was revealed to be a scam, an estimated 3.5 million people had fallen victim. Read the full article here