The surge in speculation that drives prediction markets and leveraged bets on various sectors isn’t reckless, it’s rational, according to CoinFund managing partner David Pakman. In a presentation at Consensus Hong Kong, Pakman reframed the behavior as “financial nihilism,” a calculated response by Gen Z to structural barriers to wealth building. His case started with […]
Even a modest model portfolio allocation to crypto in Asia could drive 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 expectations for
Paxful Holdings, which pleaded guilty last year to charges by U.S. authorities that it promoted illegal prostitution, violated money laundering laws and knowingly handled the proceeds of crime, was ordered to pay a $4 million fine, much reduced because of the company’s current ability to pay. Peer-to-peer bitcoin BTC$67,479.33 marketplace that had been popular in
US DOJ hits Paxful with $4 million in cases linked to illegal sex work, money laundering Read More »
Hong Kong, one of the world’s biggest financial hubs, has long been engaged in cryptocurrency and blockchain technology – but it faces a competitive challenge from the crypto-friendly UAE. This was a fact acknowledged by panelists Joseph Chan, Under Secretary for Financial Services and Treasury in Hong Kong, and Johnny Ng, founder of web3 investment
Hong Kong – Tokenization is gaining traction, but its success depends less on market hype and more on real-world utility, say executives from Ondo Finance and Securitize. “There is no shortage of companies, of issuers, of companies that are interested in tokenization,” said Graham Ferguson, head of ecosystem at Securitize, during a panel discussion at
Ondo and Securitize discuss at Consensus Hong Kong Read More »
The mood among top venture capitalists in Consensus Hong Kong was not retreat but recalibration as the crypto market experienced an extended downturn. Hasseeb Qureshi, managing partner at Dragonfly, described today’s venture market as a “barbell:” On the one hand, proven verticals assembled at scale; on the other, a narrow set of next-generation, high-risk bets.
Why crypto venture capitalists at Consensus Hong Kong are playing a 15-year game Read More »
Network news ROBINHOOD REJECTS BLOCKCHAIN: Robinhood debuted the public testnet for its Ethereum layer-2 blockchain with plans for wider introduction later this year as the brokerage app aims to move more trading activity on-chain. The new network, called Robinhood Chain, is built on Arbitrum and is designed to support real-world tokenized assets, including stocks and
Robinhood unveils its layer-2 testnet Read More »
Today’s AI trading bots are based on a limited amount of historical data, meaning completely unknown market events like the 10/10 liquidations or even last week’s severe sell-off will leave agentic trading models short of the mark. These historical data-driven AI models have never seen huge liquidations in a single day and would find this
In unknown market conditions, historical data-driven AI trading bots will falter Read More »
Polygon, Athena and Nethermind join the Enterprise Ethereum Alliance as institutional Ethereum takes shape
BlackRock, the world’s largest asset manager, said on Wednesday it will make shares of its tokenized U.S. treasury fund, BUIDL, tradable on Uniswap, marking the asset manager’s first step into decentralized finance (DeFi). As part of the move, BlackRock also revealed a strategic investment in Uniswap, buying an undisclosed amount of UNI, Uniswap’s governance token,
UNI rises 25% on BlackRock investments Read More »
