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Tom Brady’s Estranged Wife Gisele Bundchen Claims FTX Collapse ‘Blindsided’ Her
25.3.2023
Former U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it. Bundchen...
Crypto Is the Solution to Bank Runs, Not the Cause
23.3.2023
Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds
Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist'
16.3.2023
Jason Brett said despite regulators using the failure of three banks to target crypto, the industry itself is not in a crisis
Stop Blaming Crypto for Traditional Finance Failures
16.3.2023
After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem
Price, Not Intrinsic Value, Is the True Measure of Bitcoin’s Success
9.3.2023
Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin's steadily increasing price, are what they should be paying attention to
Lawyers picnic: FTX counsel and advisors rake in $34M in January
8.3.2023
Millions have been invoiced from a host of law firms, investment bankers, consultants and financial advisers in FTX’s bankruptcy case
Advisors: Learn Crypto, or Your Clients Will
2.3.2023
The disconnect between financial advisors and their clients around crypto has become increasingly apparent, given that 37% of advisors personally invested in crypto compared to 83% of their clients that have, according to one 2023 survey
US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations
2.3.2023
On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options...
Weekly Challenge: The Digital Asset Power Hour
1.3.2023
Financial professionals stand to benefit greatly from blocking off just one hour per week to learn about a digital asset, such as one of 500 included in CoinDesk's Digital Asset Classification Standard
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
26.2.2023
While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over...
The SEC’s Crackdown on Ethereum Staking Has a Silver Lining
23.2.2023
The SEC’s recent actions shut down centralization staking services, but not individual staking and decentralized staking services. That could increase decentralization and help restore crypto’s original mission
Coinbase, Anchorage Say They'll Be OK Under SEC Custody Proposal, But Risks May Lurk for Others
16.2.2023
The U.S. Securities and Exchange Commission (SEC) is officially working toward forcing investment advisers to make hard decisions about how they keep clients’ crypto assets, but the agency’s Wednesday proposal comes with good-news, bad-news elements now being studied by industry lawyers...
SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms
15.2.2023
The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would effectively require registered investment advisers to go outside the crypto industry for storing digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector
Digital Asset Management Platform HeightZero Taps CoinDesk Indices to Offer Crypto Basket to Financial Advisors
7.2.2023
HeightZero provides a platform for financial advisors to plug in to as a means of offering their clients exposure to a range of assets
82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows
1.2.2023
Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they...
White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks
29.1.2023
The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation...
Ban on Crypto Mining in Residential Areas Proposed in Russia
28.1.2023
Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy...
SEC Probing Investment Advisors Over Crypto Custody: Report
27.1.2023
The United States Securities and Exchange Commission (SEC) is conducting an inquiry into registered investment advisers about whether they are following rules around custody of client crypto assets
Financial Advisors See Strong Interest in Crypto — 90% Receive Inquiries About Crypto Investing, Survey Shows
27.1.2023
A new survey shows that interest in cryptocurrency remains strong among financial advisors’ clients. “Despite market performance, the most common question was: ‘Should I consider an investment in crypto?'” the survey results reveal. Financial Advisors Bullish About...
Crypto Thaw May Be Premature but Advisors Should Prepare for Winter’s End
26.1.2023
When crypto winter ends and investment activity blossoms once again in the digital assets space, financial advisors should be prepared to hear a new litany of questions from clients about the risks and opportunities in cryptocurrencies