Hong Kong, one of the world’s leading financial centers, has long been committed to cryptocurrency and blockchain technology, but it faces a competitive challenge from the cryptocurrency-friendly United Arab Emirates. This is a fact recognized by panelists Joseph Chan, Hong Kong’s undersecretary for financial services and treasury, and Johnny Ng, founder of investment firm web3 […]
Even a modest model portfolio allocation to crypto in Asia could generate massive inflows into the market, according to Nicholas Peach, head of APAC iShares at BlackRock. Speaking on a panel at Consensus Hong Kong, Peach said the growing institutional acceptance of crypto exchange-traded funds (ETFs) – particularly in Asia – is reshaping industry expectations.
Paxful Holdings, which pleaded guilty last year to charges by U.S. authorities that it facilitated illegal prostitution, violated money laundering laws and knowingly handled proceeds of crime, was ordered to pay a $4 million fine, a fine significantly reduced due to the company’s current ability to pay. Peer-to-peer bitcoin BTC$67,023.54 This marketplace that was popular
The rise in speculation that is driving prediction markets and leveraged betting across various sectors is not reckless, it is rational, according to David Pakman, managing partner of CoinFund. In a presentation at Consensus Hong Kong, Pakman called this behavior “economic nihilism,” a calculated response by Generation Z to structural barriers to wealth creation. His
The mood among leading venture capitalists at Consensus Hong Kong was not one of retreat, but recalibration, as the crypto market experienced a prolonged downturn. Haseeb Qureshi, managing partner at Dragonfly, described today’s venture capital market as a “bar”: on one side, proven verticals that accumulate at scale; on the other, a restricted set of
Why Consensus Hong Kong’s crypto venture capitalists are playing a 15-year game Read More »
Amid high, mostly downward volatility in crypto markets, BlockFills has halted withdrawals and restricted trading on its platform, according to reports from Mining Mag and the Financial Times. Based in Chicago and backed in part by market-making giant Susquehanna Investment Group, BlockFills recorded $60 billion in trading volume last year, according to the FT. “In
BlockFills Stops Withdrawals, Restricts Trading, Reports Say Read More »
Two years. That’s how long humans have before artificial intelligence becomes better thinkers and strategists than us, according to Ben Goertzel, CEO of SingularityNET, a decentralized AI marketplace. While the AI industry is currently focused on developing automated agents to improve market efficiency, Goertzel suggests that, for now, individuals remain the primary driver of high-level
Polygon, Ethena and Nethermind join the Enterprise Ethereum Alliance as institutional Ethereum takes shape
The intersection of crypto and artificial intelligence (AI) has entered a quieter and more selective phase, according to two prominent venture capitalists. Canonical Crypto’s Anand Iyer and Spartan Group’s Kelvin Koh described the current climate as a post-hype moment for decentralized AI protocols, with capital and talent moving toward more focused, utility-focused applications at the
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1909.89, down 2.5% (-49.09) since 4 p.m. ET Tuesday. None of the 20 assets are trading higher. Leaders: BCH (-0.5%) and UNI (-1.2%). Lagging behind: APT (-4.1%) and
index trades down 2.5% as all components fall Read More »
