Hedging – DIGIT INFO

UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings

DIGIT — Tue, 01 Oct 2024 00:46:22 +0000

Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies like currency hedging and diversifying into other currencies and assets like […]

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Umoja Launches Beta Hedging Service to Bolster Crypto Investment Safety

DIGIT — Tue, 13 Feb 2024 23:00:05 +0000

On Tuesday, the crypto platform Umoja unveiled its beta version of hedging-as-a-service, designed to shield users from crypto losses. Umoja’s mission is to enhance the safety and accessibility of crypto investments, opening up hedging opportunities in a market valued at $500 trillion. Umoja Debuts Beta Hedging Platform The crypto platform Umoja has announced the beta […]

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AI can be used in ‘every single process’ of JPMorgan’s operations, says CEO

DIGIT — Mon, 02 Oct 2023 23:39:10 +0000

JPMorgan’s CEO Jamie Dimon pointed to trading, hedging, research and error detection as just some of the processes that can be streamlined by AI.

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BCH Bull Launches Production Release, While Cashfusion Fuses Over $2 Billion in BCH

DIGIT — Thu, 27 Apr 2023 18:34:58 +0000

As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.4 million bitcoin cash since its inception, equivalent to a staggering […]

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Are stablecoins securities? Well, its not so simple, say lawyers

DIGIT — Mon, 13 Feb 2023 06:04:18 +0000

One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities.

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Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets

DIGIT — Mon, 19 Dec 2022 15:30:48 +0000

The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies in another, discriminating on the collateral and quantity that banks might hold for […]

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FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

DIGIT — Thu, 08 Dec 2022 07:00:00 +0000

As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

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Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets

DIGIT — Mon, 03 Oct 2022 23:30:33 +0000

Just recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than $32,900 in funds hedged using the alpha protocol. Furthermore, this month, General Protocols, the engineers behind Anyhedge, revealed the team plans to launch a decentralized […]

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Celsius Countersues Keyfi Founder, Company Claims Millions Were Stolen From Crypto Lender’s Wallets

DIGIT — Wed, 24 Aug 2022 14:00:54 +0000

Roughly seven weeks after Keyfi founder Jason Stone filed a lawsuit against the crypto lender Celsius, the company has filed a countersuit against Stone claiming that he stole millions from Celsius wallets and allegedly “pocketed seven-figure returns.” Stone’s attorney Kyle Roche says the lawsuit is an attempt to “rewrite history,” and to use Stone as […]

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Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’

DIGIT — Fri, 08 Jul 2022 04:30:12 +0000

On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team found “major problems in how the company operated,” and Stone told Celsius his […]

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