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By Jude Scott, Cayman Finance – In August 1864, 900 miles almost due North of the Cayman Islands, US Navy Rear Admiral David Farragut faced a pivotal moment. Leading a squadron charged with attacking Confederate forces in Mobile Bay, Alabama, Farragut’s flotilla encountered tethered mines known then as “torpedoes” which ultimately threatened his mission and his men. Acting decisively to navigate around the threat and pursue his objective, Farragut uttered the phrase that has now passed into military lore: “Damn the torpedoes! Full steam ahead!”
Leaders in every walk of life will meet challenges that could distract their focus, diminish
Moonstake has entered into a strategic partnership with Stake Technologies, which develops the Plasma Network, the world’s first successful connection to Polkadot’s testnet parachain.
Read the full story at Institutional Asset Management…
Schonfeld Strategic Advisors (Schonfeld) has appointed Ryan Tolkin as Chief Executive Officer in addition to his current role as Chief Investment Officer.
The firm has also announced that Danielle Pizzo, its Head of Investment Business Strategy, has been named Chief Strategy Officer and will join President & COO Andrew Fishman and Ryan on the firm’s Executive Committee.
These appointments further Schonfeld’s long-term strategic plan of leveraging its differentiated culture to broaden its leadership team.
“My goal was to build a multi-generational firm that serves investors well beyond my tenure, and these appointments further establish the strong leadership
GCGC Investments Ltd has launched a global mining initiative which utilises blockchain technology and DeFi (decentralised finance) architecture.
This combines the centuries-old mining industry with emerging technology to form a decentralised financial ecosystem geared towards disrupting financial intermediaries.
“The global system of commodities and mineral resources is the foundation for production around the world,” states Jonathan Shek, CEO of GCGC. “Advances in technology have now created an urgent need to transform the very fabric of the trading and financial services systems linked to our systems of production. At GCGC, we combine the best in economic fundamentals with the latest technology
The Crypto Finance Group’s brokerage subsidiary, Crypto Broker AG, has been granted a licence as a securities house with a bilateral trading facility by FINMA, the Swiss Financial Market Supervisory Authority.
The licence will allow the Crypto Finance Group to begin offering new products, services, and trading platform features, which will all meet the standards warranted by prudential regulatory oversight.
This significant milestone caps a successful previous year for the group, with the brokerage trading over USD1 billion in assets in 2020 and poised for further growth.
This licence establishes further trust in the Crypto Finance Group: Crypto Broker AG
Bridge Mutual, a decentralised, peer-to-peer discretionary coverage platform for digital assets, has launched BMI token on Polkastarter, the Polkadot DEX for cross-chain token pools and auctions.
The BMI token was available on Polkastarter via an Initial DEX Offering (IDO) from 30 January, 2021.
Last year alone, an estimated USD200 million in digital assets were lost in attacks on major services including KuCoin, Harvest Finance, and Origin Protocol. Bridge Mutual mitigates the risk of loss of funds resulting from unaudited smart contracts, exchange hacks, and other digital asset vulnerabilities with a marketplace for investors to provide and purchase coverage. Built on
Accessing bitcoin investments through a product which is listed on a recognised stock exchange and is liquid can ease many institutional investor concerns around allocation to this asset class.
In his latest occasional blog series, Joel Press (pictured) of Press Management, considers the issue of succession planning in the hedge fund sector and the planning, time and effort needed to accomplish a successful transfer of leadership…
SESAMm, a provider of analytics and artificial intelligence solutions for asset managers, banks, and hedge funds, has concluded a Series B funding round for over EUR7.5 million led by the Fintech VC fund of NewAlpha Asset Management and global investment firm The Carlyle Group.
GameStop: In defence of short selling
GameStop: In defence of short selling