Blockchain
Calastone Appoints Dan Kramer as Vice Chairman to Lead American Expansion
Calastone, the largest global funds network, today announces the appointment of Dan Kramer as Vice Chairman, to be based in the firm’s New York office.
Kramer joins Calastone from BNY Mellon, where he held the position of EVP and Chief Client Experience Officer, managing all stages of customer experience across client service, insight and strategy. During this time, he was also a member of the CIBC Mellon Board. Prior to this, he spent eight years at JP Morgan Chase as Head of Fund Services.
Kramer will spearhead the firm’s strategy for expansion across the Americas, leveraging his more than thirty years of experience and expertise in the asset management and asset servicing industries.
Earlier this year, Calastone introduced its blockchain-enabled Distributed Market Infrastructure, creating the world’s largest financial community connected using distributed ledger technology.
Julien Hammerson, Calastone’s Chief Executive Officer, comments:
“I am delighted to welcome Dan to Calastone’s senior leadership team at a time when our business continues to grow from strength to strength. As a market leader we pride ourselves on bringing together the very best talent and experience in the industry and Dan’s appointment is hugely additive, bringing significant expertise of the American funds sector.”
“The Americas represent a significant growth opportunity for Calastone and Dan will be instrumental in directing our strategy for the region. Bringing our unique technology proposition to the Americas will mark a key inflection point for the ongoing success of our business worldwide.”
Commenting on his appointment, Kramer adds:
“I’m very excited to be joining Calastone at such a pivotal stage in its development. Calastone’s industry leading, innovative technology and first-class customer experience significantly reduces costs and generates better value for investors. This has been further enhanced by its blockchain-enabled Distributed Market Infrastructure (DMI).”
“In launching the DMI Calastone’s technology has delivered a step-change for the global funds industry, which for the first time can benefit from greater market efficiency, friction-free trading and lower costs for all participants. This is a unique proposition which I know can add significant value to the American funds markets which is the natural next step for the company’s growth.”
In his earlier career Kramer was EVP of Institutional Equities at Thomson Reuters (previously Thomson Financial), Global COO of DWS Investments, Managing Director at Merrill Lynch and Executive Director at Morgan Stanley. Kramer plays an active part in promoting gender diversity in the industry. In recognition of his efforts and achievements, Kramer was awarded the 2018 Champion of Women in Business Award by The Financial Times.
SOURCE Calastone
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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