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Bitwise Asset Management Announces $70M Investment
Bitwise Asset Management, a crypto-specialist asset manager with over $12 billion in client assets, announced the completion of a $70 million equity raise. The investment round was reportedly led by E...
Emburse Bets on AI to Tackle Expense Management
Travel and expense solutions provider Emburse added artificial intelligence capabilities to its product suite. Emburse AI is designed to alleviate common frustration in expense and invoice management,...
Government Memo Outlines How Agencies Should Streamline Federal Workforce
Federal government agencies should focus on the “maximum elimination” of functions that are not statutorily mandated, while enabling high-quality, efficient delivery of those are that statutorily ...
BNY Teams With OpenAI to Bring ‘Transformational’ AI to Banking
OpenAI launched a multiyear agreement with BNY, the oldest bank in the United States. The partnership gives BNY — formerly Bank of New York Mellon — access to OpenAI artificial intelligence tools ...
Hedge funds and RIAs boost Bitcoin exposure to $34.3B, up 357% in 2024
A recent report by River revealed that hedge funds and registered investment advisors’ (RIA) exposure to Bitcoin (BTC) via exchange-traded products (ETF) reached $34.3 billion as of Dec. 31, showing...
Bitwise CIO Matt Hougan Says Crypto Needs ‘Another Story’ As Memecoin Narrative Fizzles Out
The chief investment officer of crypto asset management firm Bitwise says the industry needs a new selling point now tha...
Bybit exploit tied to Safe developer machine vulnerability
Bybit revealed that the recent $1.4 billion hack did not compromise its infrastructure and was caused by a vulnerability in a Safe developer machine. According to the exchange’s initial forensic rep...
Ondo Becomes First RWA Provider On Mastercard Multi-Token Network
Ondo Finance will be the first provider to bring real-world assets to Mastercard’s Multi-Token Network (MTN). Announcing the effort Wednesday (Feb. 26), Ondo said its short-term U.S. government trea...
This Week in Crypto: Markets Shed $800 Billion but Keep Hope for Mainstream Adoption
Volatility is the name of the game when it comes to crypto markets, and this week offered participants more of the same: an $800 billion rout since January. The price of bitcoin has dropped from its p...
Vayu Raises $7 Million to Facilitate Hyper-Dynamic Pricing for B2B Tech Companies
Vayu raised $7 million in a seed funding round to accelerate the development of its billing and revenue management platform for B2B tech companies. The no-code platform makes it easier for B2B compani...
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