By Marco Piccolo Key highlights: JPMorgan Asset Management has committed up to $500 million to Numerai, significantly boosting the AI hedge fund’s investment capacity. Numerai’s global equity hedge fund delivered over 25% net return in 2024, outperforming many quant competitors. The news triggered a 95% weekly surge in Numeraire (NMR), the platform’s native cryptocurrency. Trade […]
Tag: AI
By chainwire BitMine Crypto + Cash Holdings Exceed $8.8 billion, including 1.71 million ETH Tokens BitMine Crypto + Cash holdings of $8.8 billion is a $2.2 billion increase from $6.6 billion reported last week BitMine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, […]
By Ethan Key Points: The financial sector is undergoing rapid transformation, with traditional institutions increasingly adopting technologies once met with skepticism. Regulatory uncertainty and inconsistent oversight have created friction between banks and supervisors, hindering innovation. Bowman stresses the importance of equipping examiners with exposure to digital assets to improve regulatory understanding and effectiveness. A strategic, […]