• Russell Starr, Head of Capital Markets at DeFi Technologies, which has launched a new ETP that allows inverse tracking of bitcoin.
    Bitcoin,  Cryptocurrencies,  Innovators

    DeFi’s Valour Engineers a Hedge for Bitcoin

    New ETP provides convenient way to establish inverse position

    April 19, 2024 /

    Bitcoin investors looking for ways to lock in their gains without having to sell their beloved HODL stash have a new option. DeFi Technologies, via its subsidiary Valour, has an innovative Exchange Traded Product (ETP) that trades inversely to the coin. They’re calling it Valour Short Bitcoin (SBTC). Maybe you’ve ridden up from 26K in October to 73K in mid March, and then agonized on the recent fall back to the high 50s. If so, you’ve probably thought about how great it would be to lock in the gains at 70 without having to sell, since you’re dead certain Bitcoin 100K is right around the corner. Well, now you can.…

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  • Image from Etcher's The Halvening: an interdisciplinary collaboration between artists from around the globe
    Bitcoin,  Innovators,  Technology

    Beyond Overpriced JPEGs

    The hottest new NFT projects are on Bitcoin?

    November 29, 2023 /

    “The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime… I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea.” The creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, wrote these words in a forum post on June 17, 2010, and they set the tone for the protocol’s slow evolution in the 13 years since. Bitcoin’s deliberate approach to change and innovation is rooted in a commitment to security, stability and decentralization. Developers and thought leaders in the Bitcoin community have emphasized the importance of maintaining a slow and…

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  • Ethereum,  Innovators,  Technology

    Crypto Start-up Profile: Superfluid

    Upgrading payroll, vesting and airdrops via continuous asset streaming

    November 28, 2023 /

    Ever wonder why our paychecks typically come twice a month or bi-weekly, in some cases weekly? In the 19th century it was common for workers to be paid monthly, at the end of a season – or in the case of seamen, at the end of a voyage when profits were divided. Labor historian Nelson Lichtenstein traces the modern pay cycle to World War II, when the U.S. Congress passed the Revenue Act of 1942 to increase revenue to fund the war effort and introduce the country’s first tax withholding system. Given the complexities of calculating pay rates, tax, healthcare and other deductions, as well as managing a company’s human…

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  • Stay order from Judge Jones, downloaded from PACER
    Cryptocurrencies,  Innovators

    Judge Keeps CZ in U.S. Pending Review

    Following last week’s landmark settlement, prosecutors argue flight risk

    November 27, 2023 /

    As we noted two days ago in Will Congress Finally Do Its Job?, the operator of the world’s largest cryptocurrency exchange, Binance,  pleaded guilty and agreed to pay $4.3 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act, failure to register as a money transmitting business, and the International Emergency Economic Powers Act. Additionally, Binance’s founder and CEO, Changpeng “CZ” Zhao also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, resigned as CEO of Binance and personally paid a $50 million fine to the Commodity Futures Trade Commission (CFTC) for “intentionally sabotaging and subverting Binance’s superficial compliance controls, including controls designed…

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