Gross Profit Percentage for the Quarter ended December 31, 2021 Increased 1% versus Prior Year and 8% versus Prior Quarter Net loss per Share of $(0.31) for the Third Quarter Compared to a Net Loss per Share of $(0.32) for the Prior Year $8.5 Million of Cash and Strengthened Balance Sheet WOODSTOCK, Ga.–(BUSINESS WIRE)–Sonoma Pharmaceuticals, […]

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BEIJING–(BUSINESS WIRE)–HARMAY, the new retail beauty brand, has concluded its Series C and D rounds of financing, raising a combined $200 million. The Series C was led by General Atlantic and the Series D by QY Capital, with Eastern Bell Capital, N5 Capital, Ocean Link, Hillhouse Venture, and BA Capital among the co-investors; Rothschild & […]

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An expert has claimed that crypto is trading like risk assets and looking like growth equities, and as the traditional market is likely to continue to see high volatility over the next months, the institutional adoption of crypto is slowing down until global equity markets find stability. Crypto Institutional Adoption The institutional adoption of digital assets is believed to be key to the future maturity and consolidation of the cryptocurrency market. The landscape of cryptocurrencies will likely keep on changing as a response to the ways worldwide regulations, macro environment, and mass adoption develops in the following years. Although many important corporations have started to gradually approach digital coins like bitcoin, there might be still a long way to go for institutional money to massively enter the market. Recently,  Bloomberg reported a JPMorgan strategists’ note in which they claim that “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption.” Similarly, Alex Kuptsikevich, a senior financial analyst at FxPro, explained to Forbes that Bitcoin’s price “is determined not so much by volatility as by crowd interest. Without investor interest, it quickly goes sour, and with it, it picks up just as fast. In bitcoin’s favor is the reduced supply growth rate and its finiteness.” “We should also note that the entry of institutional investors, the increasing acceptance of bitcoin as an asset for portfolio diversification, and the increased trading turnover in cryptocurrencies make the price less volatile over time.” Related Reading | Goldman Sachs: Mainstream Adoption Won’t Boost Bitcoin Price Why Growth Stocks Can Drive Investors In In a Bloomberg Television interview with Adam Levinson, chief investment officer at Graticule Asset Management Asia, the expert noted that the current volatility of growth stocks and the traders’ fear over the Federal Reserve (FED) raising interest rates is slowing down the pace at which institutions decide to invest. Levinson claims that many traditional institutions have already decided to allocate in crypto, but the current volatility has kept them away from investing. “They don’t want their first foray into the space to be a money-losing proposition quickly.[…] Institutional allocations will wait until the global equity markets, particularly growth equities, have stabilized.” The U.S. inflation has increased significantly and consequently so did the Vix ‘fear’ index, which measures the expectation of volatility for the stock market based on S&P 500 index. High inflation numbers create more pressure for the FED to increase rate-hikes and many investors believe the traditional markets are potentially set for a big sell-off. Since bitcoin has been trading more like a stock, this directly affects the crypto market. The total capitalization has been recovering in the past week, but might see more volatility soon. As Levinson noted, “What has happened this year is that you move to an environment where the Fed is being forced to raise rates, as are other central banks, and you are seeing a change in the extremely abundant liquidity environment.” As a result, “Crypto suffered. Crypto is basically traded as a risk asset, looking like a growth equity,” he added. However, Lenson thinks that over the middle of the year there will be a situation “where crypto trades better than growth equities,” which could result in more institutional investors going forward and investing in crypto. Related Reading | Could Crypto Adoption Represent a Compliance Opportunity for Banks?

Uncertainty and fear in the market continue to ramp up as tensions in Ukraine mount and investors prepare for aggressive rate hikes

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Fintechs around the world saw sizable funding rounds this week, with wealth management platforms, buy now pay later (BNPL) firms and cash-flush challenger banks raising billions of dollars. FNZ London-based wealth management firm FNZ today reported a $1.4 billion private equity round securing the platform-as-a-service (PaaS) provider at a $20 billion valuation. The company, founded […]

From Alchemy to XYO, recapping the latest investments into the sector

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With its special qualities that can turn users into owners and owners into users, crypto aligns with historic Black aspirations.

Our weekly round-up for you to get the latest fintech funding news.

Blockchain ecosystem and cryptocurrency infrastructure provider Binance has invested US$200 million into global media company Forbes and Magnum Opus Acquisition, a publicly traded special purpose acquisition company. Forbes and Magnum

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Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes on the social media platform Twitter. Binance Pledges $200 Million to Forbes Binance has […]

GEORGE TOWN, Cayman Islands–(BUSINESS WIRE)–Bullish, a technology company developing products for the digital assets sector, today announced that David Bonanno will be the company’s incoming Chief Financial Officer (CFO), subject to the closing of a business combination with Far Peak Acquisition Corporation (NYSE: FPAC). Currently serving as the CFO of FPAC, David is a seasoned […]

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February 10, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Authorities in Russia are reportedly set to recognize crypto as[...]

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