In this week’s newsletter:
- ALT 5 Sigma has appointed Robert Lynch as Head of Research and Strategy.
- The macro backdrop of rising inflation has weakened the argument that bitcoin provides a credible hedge against higher prices, at least based on the price action in recent months.
- U.S. President Joe Biden signed a first-of-its-kind executive order on cryptocurrencies on Wednesday.
Read our weekly round up below.
ALT 5 Sigma Appoints Robert Lynch as Head of Research and Strategy
Yahoo! Finance | March 10, 2022
ALT 5 Sigma Inc., a global fintech that provides next generation blockchain powered technologies for tokenization, trading, clearing, settlement, payment, and insured custodianship of digital instruments, announced yesterday the appointment of Robert Lynch as Head of Research and Strategy.
Market Update: Challenges Continue to Persist for Crypto Investors
Robert Lynch | March 4, 2022
The challenging period for crypto investors persists. The macro backdrop of rising inflation has weakened the argument that bitcoin provides a credible hedge against higher prices, at least based on the price action in recent months.
Biden Issues Long-Awaited US Executive Order on Crypto
Coindesk | March 9, 2022
U.S. President Joe Biden directed federal agencies to coordinate their efforts at drafting cryptocurrency regulations in a first-of-its-kind executive order on Wednesday. The “whole-of-government” effort to regulate the crypto industry focuses on consumer protection, financial stability, illicit uses, leadership in the global financial sector, financial inclusion and responsible innovation, according to a fact sheet accompanying the order.
Bain Capital Ventures Launches $560 Million Crypto Fund
Decrypt | March 8, 2022
Investment firm Bain Capital Ventures is launching a $560 million fund called Bain Capital Crypto—a fund that is focused exclusively on the crypto industry, per Bloomberg. “We’ve become quite high conviction we are at the beginning of a multi-decade technology shift. We really needed a dedicated team and a dedicated fund structure. That’s really what led to the addition of Bain Capital Crypto,” a Bain Capital Crypto managing partner Stefan Cohen told Bloomberg.
This Week in Crypto: Prominent Tokens Trim Gains
TipRanks | March 10, 2022
Last week’s promising rally has come to a halt, as the majority of the top 10 cryptocurrencies by market capitalization consolidated below key levels.
Although President Joe Biden’s executive order on crypto temporarily moved the needle higher for markets, momentum quickly reversed, erasing earlier gains.
Ukraine’s Airdrop Tweet Results In Significant Spike In Crypto Donations
Crypto Daily | March 3, 2022
Ukraine has seen crypto donations to the country skyrocket since the country’s Twitter account tweeted on the 26th of February that it would begin accepting donations in cryptocurrency. Since that tweet, the country has seen over $40 million in donations, with the number set to climb higher.
ALT 5 Sigma – Next-Generation Blockchain Powered Financial Platforms
ALT 5 Sigma | March 4, 2022
ALT 5 Sigma has launched their new website with a new and professional look. ALT 5 offers 4 core product offerings that will elevate your business.
Click the links above to learn more about how ALT 5’s suite of crypto products can help your business.
