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Goldman Sachs, the storied Wall Street firm, didn’t start including bitcoin in its weekly ranking of global asset-class returns until late January, when the largest cryptocurrency quietly appeared atop the chart. But since then, bitcoin (BTC, +5.54%)‘s lead over assets from stocks to bonds, oil, banks, gold and tech stocks and the euro has widened. As of March 4, bitcoin’s year-to-date return, at about 70%, was roughly double that for the next-closest competitor, the energy sector, at about 35%, according to Goldman Sachs’s latest “US Weekly Kickstart” report. The comparisons could become even more…

A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one obvious path being mergers and acquisitions. “This is a fast-evolving landscape where the crypto incumbents have certainly made huge progress over the last couple of years,” McDermott said. “There is an expectation from clients now that…

Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…

Thedevelopment of China’s insurance industry started relatively late.However, as the living standards of its citizens improved, theinsurance industry went through a similar overhaul. In 2020, theinsurance industry realized 4.53 trillion yuan in premium income, ayear-on-year increase of 6.1%. Among them, health insurance isgrowing at a rapid rate. In 2020, the premium income for healthinsurance will be 817.3 billion yuan, a year-on-year increase of morethan 15%. Even so, compared with the United States, Japan and othercountries, the development of China’s insurance industry is still inits infancy. In terms of insurance depth…

Life has been being consistently limited from the global Covid-19 lockdown, while social isolation has also brought thrives on the short-form social video platforms, such as TikTok and Instagram. And in this situation, influencer marketing incorporating social media is a new phenomenon within the industry. For example, some non-celebrity social media influencers can pull in millions of dollars each year from brand partnerships and sponsorships. No wonder that, it illustrates perfectly how big a fan community of a Social Media Influencer and how successful Social Media Influencer can nowadays become….

In the history of human development, innovation is eternal. Behind them, there must be the cooperation and integration of countless people’s ideas. In December, 20 years ago, the official announcement was made on the Firecoin global website, to help developers build decentralized applications flexibly and efficiently, Firecoin announced the official launch of the Huobi ECO Chain (“Heco” for short). With the market value of Bitcoin surpassing $1 trillion, many institutions and ecosystems are running to enter, and various tracks are still starting a war that cannot be seen. TTI LABS,…

With the continuous progress of society, the continuous development of science and technology, the continuous improvement of people’s living standards, the continuous diversification of demand, the global intelligent construction is imperative. According to the data, there are thousands of smart cities in the world. The market size is expected to be 700 billion US dollars in 2023. In order to promote the rapid development of intelligent city, the perfect use of block chain technology and unique characteristics, Di Lan chain came into being. DiLan Chain —— Building Distributed Bottom Data…

Double Ace (DAA) is a Fintech company that utilises the power of blockchain, AI, and Big Data to provide instant online financial services to individuals. The service DAA provides encompasses consumer finance, personal credit, micro loan, crypto loan, and more. DAA has introduced its all-in-one super App called Ace Wallet, which allows users to deposit cryptocurrencies to receive interest much like that of bank deposits, but with a way higher interest rate. DAA is able to provide its depositors with cryptocurrency interest due to their arbitrage trading desk, which is…

In recent years, the social and financial status of digital assets has been significantly improved. A large number of digital asset holders regard it as an asset with the same status as real estate and are willing to hold and store it for a long time. At present, many digital asset players hope to hold digital assets for a long time, but due to their own capital turnover needs, the value of digital assets has not been widely recognized by traditional financial institutions, and they cannot obtain funds through other…