investment

WIRED Retail trends for the future of ecommerce

WIRED Smarter is returning as a two day virtual festival focusing on the latest innovations and trends shaping the future of business in the retail, money and security sectors. Split into three events, WIRED Retail on Tuesday the 12th October will be of most interest to ecommerce retailers with WIRED Money and WIRED Security taking place on Wednesday the 13th October. Kicking off the series on Tuesday, WIRED Retail will uncover the most exciting trends for the future of ecommerce, showcasing the smart technologies engaging the fast-evolving customer with speakers

Pattern Secures $225M Growth Equity Investment

Pattern, the premier partner for global ecommerce and marketplace acceleration, today announced it received a strategic investment from Knox Lane, a growth-oriented investment firm focused on partnering with businesses in the consumer and services sectors. The $225M minority investment, led by Knox Lane, also included full pro-rata participation from existing investors.Since its founding in 2013, Pattern has profitably grown to more than 900 employees operating in 18 countries that support more than 100 global brands—including Panasonic, Nestle, Pandora, Sorel, Black Diamond, Zebra, and KONG. Pattern has developed a robust technology

The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite a press tour, spreading his opinions on crypto around. Those had a lot of people worried, but today Gensler specifically said an outright ban isn’t on the cards. Related Reading | SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security SEC Chair: No interest in a

US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients

US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients. U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth-largest bank in the country. The Minneapolis-based company serves millions

Grayscale Adds Solana and Uniswap to Crypto Investment Fund – Finance Bitcoin News

Grayscale Investments has added solana and uniswap to its large-cap funding fund. This is the primary time solana has been added to a Grayscale fund. The firm now provides 15 funds, two of that are diversified portfolios. Solana and Uniswap Added to Grayscale Fund Grayscale Investments, the world’s largest digital currency asset supervisor, introduced Friday the quarterly rebalancing of its two diversified portfolios: the large-cap fund and the defi (decentralized finance) fund. For the Grayscale Digital Large Cap Fund (OTCQX: GDLC), the corporate bought a number of the present elements

All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.”Most investors may have missed the $3 billion BTC and $1.5 billion Ether (ETH) monthly options expiry that took place less than one hour before the crypto ban news came out. According to “Molly”, a

Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban

The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in

Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

Morgan Stanley's Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park cartoon character Kenny.The 24-series show has garnered a global audience base for its weird and wacky sense of humour, epitomised by the long-standing gag that Kenny dies in each episode, only to be rebirthed and gleefully unaware of his brutal demise in the following show. Head of asset management firm

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader