While the spotlight dances on breakthrough AI tools, Alibaba quietly but dynamically reshapes its identity from e-commerce titan to a trailblazer in AI cloud services—a metamorphosis not to be underestimated. With a landmark upgrade from Morgan Stanley, casting the company into the coveted ...

The AI Revolution: Alibaba's Unseen Role in the Cloud-Fueled Future

They have talked about cooperation in AI but nothing ever came to public knowledge before this. Sberbank, a Russian banking and financial services company headed by CEO German Gref, has since transformed itself from a former state savings bank into one of the country’s leading players in ...

NVIDIA Corporation (NVDA) – Buy the Dip? Morgan Stanley Stays Bullish

Morgan Stanley backs Nvidia (NVDA), expecting AI demand and Blackwell chips to drive future growth despite competition from ASICs

Nvidia (NVDA) Gains as Morgan Stanley Reaffirms Top Pick, Sees AI Growth Ahead

The banks had initially planned to sell about $3 billion worth of loans, Reuters reported last month. In November, Reuters also reported that Musk's political ascendancy and proximity to President Donald Trump had banks pondering over the improved prospects of the social media platform, helping ...

Morgan Stanley to increase sale of loans tied to Musk's X, Bloomberg News reports

Investing.com - The emergence of Chinese start-up DeepSeek's cut-price artificial intelligence model suggests the expenses related to training similar models is set to decline "substantially", according to analysts at Morgan Stanley (NYSE:MS).

DeepSeek suggests AI training costs could fall "substantially" - Morgan Stanley

Semrush (SEMR) is climbing for a third straight day, rising 10% this afternoon. The company provides software that enhances businesses’ online marketing efforts. Morgan Stanley Upgraded SEMR to Overweight On Monday, Morgan Stanley raised its rating on the shares to Overweight.

Why SEMR Is Rallying Today

Manappuram Finance Share Price: Morgan Stanley highlighted that the RBI has lifted restrictions on Asirvad Micro Finance with immediate effect. Morgan Stanley has factored in approximately 10% provisions for the MFI loan book for FY25-27 due to the previous embargo.

Manappuram Finance shares rally over 5% after RBI lifts restrictions on Asirvad Micro Finance - The Economic Times

Big banks and private finance groups are both chasing the AI craze, and Morgan Stanley wants bankers and finance groups to work together.

Banks and Private Finance Seek Slices of $1 Trillion AI Pie | PYMNTS.com

Morgan Stanley

morganstanley

New Space Economy: Trends of Advanced Development

Every AI Prediction That Came True in 2024—and the Ones That Didn't

Todas las predicciones de IA que se cumplieron en 2024 (y las que no)

Toutes les prédictions de l'IA qui se sont réalisées en 2024, et celles qui ne se sont pas réalisées

Todas as predicións da IA que se fixeron realidade en 2024 e as que non o fixeron

2024-ին իրականություն դարձած յուրաքանչյուր AI կանխատեսում, և նրանք, որոնք չեն իրականացել

כל תחזית AI שהתגשמה בשנת 2024 - ואלה שלא

2024 年に実現したすべての AI 予測と実現しなかった予測

ხელოვნური ინტელექტის ყველა პროგნოზი, რომელიც ახდა 2024 წელს და ის, რაც არ შესრულდა

រាល់ការទស្សន៍ទាយ AI ដែលបានក្លាយជាការពិតនៅឆ្នាំ 2024 ហើយអ្វីដែលមិនបានកើតឡើង

2024년에 실현된 모든 AI 예측과 실현되지 않은 예측

Wszystkie prognozy dotyczące sztucznej inteligencji, które spełniły się w 2024 r. — i te, które się nie spełniły

Todas as previsões de IA que se concretizaram em 2024 — e as que não se concretizaram

2024 දී සැබෑ වූ සෑම AI අනාවැකියක්ම - සහ නොකළ ඒවා

Dubai, United Arab Emirates, December 12th, 2024/Chainwire/--Quintes Protocol is set to redefine decentralized finance (DeFi) with its innovative no-depreciation cryptocurrency model. Now protected by a newly-secured Patent Cooperation Treaty (PCT) PCT/IB2024/061188 from the World Intellectual Property Organization (WIPO), this groundbreaking protocol offers a unique approach to perpetual asset growth, ensuring long-term value stability and positioning itself as a global disruptive force in the evolving cryptocurrency market. Rand Al Kharashi, a visionary young Saudi entrepreneur, aims to redefine the world of DeFi. By securing a WIPO PCT for the proprietary technology behind Quintes Protocol, she has reaffirmed her mission to upend the cryptocurrency market with the world's first perpetually appreciating asset, offering a groundbreaking model for predictable and sustainable annual price growth.” "This is more than a milestone for Quintes Protocol - it's an affirmation that exceptional and continued value can be created in the crypto field," said Rand Al Kharashi, Founder and Inventor of Quintes. "Quintes is the world's first crypto asset that is engineered for continued high price growth. Backed intensive research, verifications, and the knowledge of renowned token engineers and researchers from leading blockchain companies, Quintes has just one destination: to pioneer the future of DeFi with unmatched growth, blazing the way for an exciting new world of cryptocurrency value." QNT: A Revolutionary Leap in DeFi The Quintes Protocol is set to revolutionize the market with its groundbreaking cryptonomics. By employing innovative mechanisms, it reimagines financial instruments, offering a compelling alternative to equities, commodities, and digital assets. This transformative approach positions the protocol to deliver competitive performance while challenging the status quo of traditional financial systems. Quintes introduces QNT, the first token designed to consistently appreciate in value, addressing challenges like unsustainable yields and asset depreciation. By leveraging an innovative over-collateralization strategy, novel cryptonomics, and AI-driven high-frequency trading, QNT ensures predictable price growth, combining scalability with long-term sustainability. “We’ve seen the potential for cryptocurrencies to achieve great returns for investors, but that growth is fickle. Growth bubbles occur, burst suddenly and unexpectedly, and the value is often lost. It may be possible for an asset to rebuild to match or even exceed its previous high, but there’s always an element of risk.” Said Rand Al Kharashi, Founder and Inventor of Quintes. “The value of existing crypto, and even more traditional investment assets, is never guaranteed. That is what inspired the creation of Quintes and the concept of perpetual growth, based on predictable collateral value appreciation.” Why the PCT Patent Matters The decision to file for a WIPO PCT patent underscores Al Kharashi’s commitment to protecting Quintes’ pioneering engineering on a global scale. This strategic move ensures that Quintes’ innovative protocol is safeguarded as it seeks patent protection in numerous countries, providing a robust foundation for its international expansion, future success and eventual preparation to become open source. Backed by Elite Research and Talent The development and engineering of Quintes Protocol is grounded in rigorous research conducted by Kitabq Research Lab, which was founded by Al Kharashi. Over two years, Kitabq’s cryptonomics research has been instrumental in shaping Quintes’ architecture and mechanisms. More details on its cutting-edge research can be explored at Kitabq’s official website, www.kitabq.com. Quintes’ technical team is a powerhouse of talent, featuring elite token engineers and data scientists from industry giants like ConsenSys, Binance, Algorand, and Morgan Stanley. Collectively, this team has raised over $600 million in capital and achieved successful exits in both Web3 and Web2 domains. Anticipated Launch and Investment Opportunities Scheduled for an official launch in January 2025, the Quintes Protocol aims to introduce its innovative DeFi platform to the market, offering stakeholders a novel approach to sustainable digital asset growth. A recent simulation test revealed Quintes' positive performance even in bearish market conditions, highlighting its resilience and potential. As Quintes gears up for its groundbreaking debut, the team is actively seeking investment to drive its vision forward. About Quintes Protocol Quintes Protocol is a groundbreaking decentralised finance (DeFi) platform that aims to revolutionise the world of digital assets and financial transactions. Founded by visionary Saudi entrepreneur, Rand Al Kharashi, Quintes leverages cutting-edge cryptonomics to deliver predictable and sustainable annual price growth, outpacing traditional and crypto asset classes. The patented technology behind Quintes' novel, high-yield and fully collateralized digital asset, QNT, is secured by a World Intellectual Property Organization (WIPO) Patent Cooperation Treaty (PCT), representing a major leap forward in the DeFi space. The development of Quintes Protocol has been supported by extensive research from Kitabq Research Lab, led by Al Kharashi. For more information: • Users can visit Quintes' official website, www.quintes.org. • Twitter: @Quintesorg Contact Head of PR Yousef Batter White Label Strategy yousef.batter@whitelabelstrategy.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here Dubai, United Arab Emirates, December 12th, 2024/Chainwire/--Quintes Protocol is set to redefine decentralized finance (DeFi) with its innovative no-depreciation cryptocurrency model. Now protected by a newly-secured Patent Cooperation Treaty (PCT) PCT/IB2024/061188 from the World Intellectual Property Organization (WIPO), this groundbreaking protocol offers a unique approach to perpetual asset growth, ensuring long-term value stability and positioning itself as a global disruptive force in the evolving cryptocurrency market. Rand Al Kharashi , a visionary young Saudi entrepreneur, aims to redefine the world of DeFi. By securing a WIPO PCT for the proprietary technology behind Quintes Protocol, she has reaffirmed her mission to upend the cryptocurrency market with the world's first perpetually appreciating asset, offering a groundbreaking model for predictable and sustainable annual price growth.” Rand Al Kharashi Rand Al Kharashi "This is more than a milestone for Quintes Protocol - it's an affirmation that exceptional and continued value can be created in the crypto field," said Rand Al Kharashi, Founder and Inventor of Quintes. "This is more than a milestone for Quintes Protocol - it's an affirmation that exceptional and continued value can be created in the crypto field," said Rand Al Kharashi, Founder and Inventor of Quintes. "Quintes is the world's first crypto asset that is engineered for continued high price growth. Backed intensive research, verifications, and the knowledge of renowned token engineers and researchers from leading blockchain companies, Quintes has just one destination: to pioneer the future of DeFi with unmatched growth, blazing the way for an exciting new world of cryptocurrency value." "Quintes is the world's first crypto asset that is engineered for continued high price growth. Backed intensive research, verifications, and the knowledge of renowned token engineers and researchers from leading blockchain companies, Quintes has just one destination: to pioneer the future of DeFi with unmatched growth, blazing the way for an exciting new world of cryptocurrency value." QNT: A Revolutionary Leap in DeFi The Quintes Protocol is set to revolutionize the market with its groundbreaking cryptonomics. By employing innovative mechanisms, it reimagines financial instruments, offering a compelling alternative to equities, commodities, and digital assets. This transformative approach positions the protocol to deliver competitive performance while challenging the status quo of traditional financial systems. Quintes introduces QNT, the first token designed to consistently appreciate in value, addressing challenges like unsustainable yields and asset depreciation. By leveraging an innovative over-collateralization strategy, novel cryptonomics, and AI-driven high-frequency trading, QNT ensures predictable price growth, combining scalability with long-term sustainability. “We’ve seen the potential for cryptocurrencies to achieve great returns for investors, but that growth is fickle. Growth bubbles occur, burst suddenly and unexpectedly, and the value is often lost. It may be possible for an asset to rebuild to match or even exceed its previous high, but there’s always an element of risk.” Said Rand Al Kharashi, Founder and Inventor of Quintes. “We’ve seen the potential for cryptocurrencies to achieve great returns for investors, but that growth is fickle. Growth bubbles occur, burst suddenly and unexpectedly, and the value is often lost. It may be possible for an asset to rebuild to match or even exceed its previous high, but there’s always an element of risk.” Said Rand Al Kharashi, Founder and Inventor of Quintes. “The value of existing crypto, and even more traditional investment assets, is never guaranteed. That is what inspired the creation of Quintes and the concept of perpetual growth, based on predictable collateral value appreciation.” “The value of existing crypto, and even more traditional investment assets, is never guaranteed. That is what inspired the creation of Quintes and the concept of perpetual growth, based on predictable collateral value appreciation.” Why the PCT Patent Matters The decision to file for a WIPO PCT patent underscores Al Kharashi’s commitment to protecting Quintes’ pioneering engineering on a global scale. This strategic move ensures that Quintes’ innovative protocol is safeguarded as it seeks patent protection in numerous countries, providing a robust foundation for its international expansion, future success and eventual preparation to become open source. Backed by Elite Research and Talent The development and engineering of Quintes Protocol is grounded in rigorous research conducted by Kitabq Research Lab, which was founded by Al Kharashi. Over two years, Kitabq’s cryptonomics research has been instrumental in shaping Quintes’ architecture and mechanisms. More details on its cutting-edge research can be explored at Kitabq’s official website , www.kitabq.com . Kitabq’s official website Kitabq’s official website www.kitabq.com www.kitabq.com Quintes’ technical team is a powerhouse of talent, featuring elite token engineers and data scientists from industry giants like ConsenSys, Binance, Algorand, and Morgan Stanley. Collectively, this team has raised over $600 million in capital and achieved successful exits in both Web3 and Web2 domains. Anticipated Launch and Investment Opportunities Scheduled for an official launch in January 2025, the Quintes Protocol aims to introduce its innovative DeFi platform to the market, offering stakeholders a novel approach to sustainable digital asset growth. A recent simulation test revealed Quintes' positive performance even in bearish market conditions, highlighting its resilience and potential. As Quintes gears up for its groundbreaking debut, the team is actively seeking investment to drive its vision forward. About Quintes Protocol Quintes Protocol is a groundbreaking decentralised finance (DeFi) platform that aims to revolutionise the world of digital assets and financial transactions. Founded by visionary Saudi entrepreneur, Rand Al Kharashi, Quintes leverages cutting-edge cryptonomics to deliver predictable and sustainable annual price growth, outpacing traditional and crypto asset classes. The patented technology behind Quintes' novel, high-yield and fully collateralized digital asset, QNT, is secured by a World Intellectual Property Organization (WIPO) Patent Cooperation Treaty (PCT), representing a major leap forward in the DeFi space. The development of Quintes Protocol has been supported by extensive research from Kitabq Research Lab, led by Al Kharashi. For more information: • Users can visit Quintes' official website, www.quintes.org . www.quintes.org www.quintes.org • Twitter : @Quintesorg Twitter Twitter Contact Head of PR Yousef Batter White Label Strategy yousef.batter@whitelabelstrategy.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Visionary Entrepreneur Patents World's First Non-Depreciating Crypto Asset

Visioenêre entrepreneur patenteer wêreld se eerste nie-depresiasie kripto-bate

Un emprenedor visionari patenta el primer actiu criptogràfic sense amortització del món

Un empresario visionario patenta el primer criptoactivo del mundo que no se deprecia

先見の明のある起業家が世界初の減価しない暗号資産の特許を取得

Ba brevets ya entrepreneur visionnaire Asset Crypto ya liboso oyo ezo déprécier te na mokili

दूरदर्शी उद्यमीले विश्वको पहिलो गैर-ह्रास क्रिप्टो सम्पत्ति पेटेन्ट गर्दछ

Wizjoner-przedsiębiorca patentuje pierwszy na świecie niemający wartości kryptoaktyw

Empreendedor visionário patenteia o primeiro criptoativo não depreciável do mundo

ผู้ประกอบการที่มีวิสัยทัศน์จดสิทธิบัตรสินทรัพย์ดิจิทัลที่ไม่เสื่อมค่าเป็นรายแรกของโลก

Vizyoner Girişimci Dünyanın İlk Değer Kaybetmeyen Kripto Varlığını Patentledi

Doanh nhân có tầm nhìn sáng chế ra tài sản tiền điện tử không mất giá đầu tiên trên thế giới

Umbono woSomashishini wePatent yeHlabathi yokuQala ye-Crypto Asset yokuQala eNgehliyo

Financial institutions are investing heavily in AI, with North American banks leading the way in adopting gen AI for enhanced customer service and operational efficiency. The financial and banking services sector has entered a new phase in its digital transformation journey: the Artificial Intelligence (AI) era. While the use of AI in financial services is not new, and AI-powered applications such as trading algorithms and autonomous rule-based credit decision systems have been around for a while— the recent influx of capital from financial institutions to build future-proof AI infrastructure emphasizes the technology’s growing significance.According to a recentIDC report, the financial sector is projected to be the largest spender on AI solutions between 2024 and 2028, with banking at the forefront. The financial services industry is anticipated to account for over 20% of all AI expenditures, representing the highest growth rate among major industries. Today, AI's impact is evident across an array of financial applications, from automated knowledge management to personalized banking services. Specifically, North American banks are heavily investing in generative AI (genAI) to drive innovation and improve operational transparency. GenAI is helping enhance banking and chatbot capabilities, offering experiences that are distinct from traditional automated services. GenAI agents are now available 24/7 in multiple languages, to assist customers with banking queries and account management. To support these efforts, they are acquiring crucial hardware like AI chips and data processing infrastructure, while simultaneously channeling resources to hire human talent. Finance and AI: A Synergy in the Making Financial institutions are among the most data-rich organizations, handling billions of customer transactions and interactions across both digital and physical platforms. This wealth of data is essential to train A.I. systems, which is why banks have been pouring significant resources into maintaining the technology. The goal is to refine existing customer processes and explore high-impact use cases for inculcating A.I., scaling innovative prototypes into robust solutions. For instance, Paris-based Amundi, managing €2 trillion ($2.1 trillion) in assets, utilizes genAI tools to customize investment portfolios for its more than 100 million clients. By engaging clients in discussions about their risk preferences through its chatbot, the asset management firm crafts portfolios that meet individual needs while also gaining real-time insights into client sentiment. “Younger demographics, who will make up an increasingly large percentage of overall target customers for the finance industry - are very comfortable interacting with chatbots and often prefer this option over traditional options like call centers,” Ranjit Tinaikar, CEO of Ness Digital Engineering, told me. “AI can drastically improve the risk insights in pricing consumer loans. The banking industry is tapping into these trends to future-proof the way they deliver customer service and optimize experiences” Renowned North American investment bank and wealth management firm Morgan Stanley, recently introduced its new internal genAI model designed for its financial advisors and support staff. Powered by OpenAI’s GPT-4, the ‘AI @ Morgan Stanley Assistant’ helps thousands of wealth managers to swiftly retrieve information from an extensive internal knowledge base. It can also summarize client meeting notes and automatically draft follow-up emails. Despite its promise, the use of AI for handling sensitive financial decisions does have its drawbacks. AI models’ decision-making abilities are often hindered by unreliable data or unexpected infrastructural errors, which in turn impacts their effectiveness. Challenges and Limitations of AI in Financial Services A.I.'s ability to disrupt industry dynamics appears closely tied to the nature of customer data and the challenges it addresses. In banking service areas like wealth management or lending, where data is less abundant and unstable, A.I.'s impact has been more incremental than transformational. The finance industry’s experience with AI also raises questions about whether AI will democratize or consolidate power within the sector. “Most banking corporations don’t have the requisite organizational expertise and governance to deploy A.I. solutions. GenA.I. is only as smart as the data used to train the large language models (LLMs),” Tinaikar added. “Access to this data, which is often fragmented across internal and external systems, is a major challenge to create reliable financial A.I. models.” It is crucial to ensure that A.I. operates within a secure, ethical, and compliant framework to prevent potentially sensitive data misuse. In this context, larger companies with vast resources for technology and data investments hold a notable edge over their smaller rivals. For small and medium-sized businesses (SMBs), the real challenge to creating smarter and reliable A.I. systems is their inability to afford A.I. experts and invest in security management architectures. “You do need a “human-in-loop” for sensitive decisions around A.I.-generated pricing and risk recommendations,” said Tinaikar. “In the interim, SMB corporates have to develop their self-governance to protect their consumers, investors, and other key stakeholders.” Why Human Judgment Remains Crucial in AI-Enhanced Finance GenA.I. represents a transformative shift, enabling banks to fully harness the power of their customer data. By analyzing structured and unstructured data from diverse sources and understanding the relationships between them, it offers enhanced visibility and insights into both risks and opportunities within and beyond the bank. But, as AI makes data analysis more efficient and cost-effective, the role of human judgment becomes even more crucial. AI systems currently lack the nuance and creativity of human insight, making them unreliable for sensitive use cases. Although AI is an incredibly powerful tool, financial managers and institutions stand to gain the most from combining AI's power with unique human abilities. “The difference lies, of course, in the type of emotional judgment applied by human experts,” explained Tinaikar. “As AI introduces the potential for a disruptive shift where machines could replace human judgment, we need to develop regulatory and technological solutions to ensure that humans remain involved in mission-critical tasks where machine-simulated judgment may not be reliable.” Financial institutions are investing heavily in AI, with North American banks leading the way in adopting gen AI for enhanced customer service and operational efficiency. Financial institutions are investing heavily in AI, with North American banks leading the way in adopting gen AI for enhanced customer service and operational efficiency. The financial and banking services sector has entered a new phase in its digital transformation journey: the Artificial Intelligence (AI) era. While the use of AI in financial services is not new, and AI-powered applications such as trading algorithms and autonomous rule-based credit decision systems have been around for a while— the recent influx of capital from financial institutions to build future-proof AI infrastructure emphasizes the technology’s growing significance. According to a recent IDC report , the financial sector is projected to be the largest spender on AI solutions between 2024 and 2028, with banking at the forefront. The financial services industry is anticipated to account for over 20% of all AI expenditures, representing the highest growth rate among major industries. IDC report IDC report Today, AI's impact is evident across an array of financial applications, from automated knowledge management to personalized banking services. Specifically, North American banks are heavily investing in generative AI ( genAI ) to drive innovation and improve operational transparency. GenAI is helping enhance banking and chatbot capabilities, offering experiences that are distinct from traditional automated services. GenAI agents are now available 24/7 in multiple languages, to assist customers with banking queries and account management. genAI To support these efforts, they are acquiring crucial hardware like AI chips and data processing infrastructure, while simultaneously channeling resources to hire human talent. Finance and AI: A Synergy in the Making Finance and AI: A Synergy in the Making Financial institutions are among the most data-rich organizations, handling billions of customer transactions and interactions across both digital and physical platforms. This wealth of data is essential to train A.I. systems, which is why banks have been pouring significant resources into maintaining the technology. The goal is to refine existing customer processes and explore high-impact use cases for inculcating A.I., scaling innovative prototypes into robust solutions. For instance, Paris-based Amundi , managing €2 trillion ($2.1 trillion) in assets, utilizes genAI tools to customize investment portfolios for its more than 100 million clients. By engaging clients in discussions about their risk preferences through its chatbot, the asset management firm crafts portfolios that meet individual needs while also gaining real-time insights into client sentiment. Amundi Amundi “Younger demographics, who will make up an increasingly large percentage of overall target customers for the finance industry - are very comfortable interacting with chatbots and often prefer this option over traditional options like call centers,” Ranjit Tinaikar, CEO of Ness Digital Engineering, told me. “AI can drastically improve the risk insights in pricing consumer loans. The banking industry is tapping into these trends to future-proof the way they deliver customer service and optimize experiences” Renowned North American investment bank and wealth management firm Morgan Stanley, recently introduced its new internal genAI model designed for its financial advisors and support staff. Powered by OpenAI’s GPT-4, the ‘ AI @ Morgan Stanley Assistant ’ helps thousands of wealth managers to swiftly retrieve information from an extensive internal knowledge base. It can also summarize client meeting notes and automatically draft follow-up emails. AI @ Morgan Stanley Assistant AI @ Morgan Stanley Assistant Despite its promise, the use of AI for handling sensitive financial decisions does have its drawbacks. AI models’ decision-making abilities are often hindered by unreliable data or unexpected infrastructural errors, which in turn impacts their effectiveness. Challenges and Limitations of AI in Financial Services Challenges and Limitations of AI in Financial Services A.I.'s ability to disrupt industry dynamics appears closely tied to the nature of customer data and the challenges it addresses. In banking service areas like wealth management or lending, where data is less abundant and unstable, A.I.'s impact has been more incremental than transformational. The finance industry’s experience with AI also raises questions about whether AI will democratize or consolidate power within the sector. “Most banking corporations don’t have the requisite organizational expertise and governance to deploy A.I. solutions. GenA.I. is only as smart as the data used to train the large language models (LLMs),” Tinaikar added. “Access to this data, which is often fragmented across internal and external systems, is a major challenge to create reliable financial A.I. models.” It is crucial to ensure that A.I. operates within a secure, ethical, and compliant framework to prevent potentially sensitive data misuse. In this context, larger companies with vast resources for technology and data investments hold a notable edge over their smaller rivals. For small and medium-sized businesses (SMBs), the real challenge to creating smarter and reliable A.I. systems is their inability to afford A.I. experts and invest in security management architectures. “You do need a “human-in-loop” for sensitive decisions around A.I.-generated pricing and risk recommendations,” said Tinaikar. “In the interim, SMB corporates have to develop their self-governance to protect their consumers, investors, and other key stakeholders.” Why Human Judgment Remains Crucial in AI-Enhanced Finance GenA.I. represents a transformative shift, enabling banks to fully harness the power of their customer data. By analyzing structured and unstructured data from diverse sources and understanding the relationships between them, it offers enhanced visibility and insights into both risks and opportunities within and beyond the bank. But, as AI makes data analysis more efficient and cost-effective, the role of human judgment becomes even more crucial. AI systems currently lack the nuance and creativity of human insight, making them unreliable for sensitive use cases. Although AI is an incredibly powerful tool, financial managers and institutions stand to gain the most from combining AI's power with unique human abilities. “The difference lies, of course, in the type of emotional judgment applied by human experts,” explained Tinaikar. “As AI introduces the potential for a disruptive shift where machines could replace human judgment, we need to develop regulatory and technological solutions to ensure that humans remain involved in mission-critical tasks where machine-simulated judgment may not be reliable.”

AI is Taking Over Your Bank, and You Might Not Even Know It

NEW YORK, New York, October 15th, 2024/Chainwire/--With the cryptocurrency market entering the final quarter of the year with major bullish momentum, the emerging altcoin platform DTX Exchange(DTX)has made a strong impact. The DeFi platform has raised over $4.75 Million weeks earlier than expected. This early success reflects growing interest in platforms that offer access to a diverse range of assets, including cryptocurrencies, equities, and real-world assets (RWA), under a unified trading system. Innovative Multi-Asset Platform Meeting Market Demand Despite the entry of financial giants like Blackrock and Morgan Stanley into the decentralized world, there is still a lack of a unified platform that integrates conventional assets like equities, stocks, and bonds with decentralized assets like cryptocurrencies. DTX Exchange has aimed to bridge the gap between traditional and decentralized financial markets by allowing users to trade over 100,000 assets on a single platform. This innovative solution makes it possible for traders to access a wide variety of assets under a single platform with minimal trading fees. The global cryptocurrency industry is worth $2 trillion alone, with the broader equities market having over $90 trillion worth of assets. By enabling the trading of these assets, DTX provides traders with the chance to enhance liquidity. The DTX team aims to attract the attention of millions of retail and enterprise traders through this unique feature. Notable Presale Participation and Platform Development DTX Exchange’s presale has seen considerable early participation across its initial rounds. The first round raised approximately $300,000 in a short period, while the second phase exceeded $1 million in total funds raised. The third presale round concluded ahead of schedule, with the platform raising over $4.75 million across all rounds to date. During this time, the token price increased from $0.01 to $0.08, reflecting initial interest in the platform’s offerings. Platform Features and Future Product Expansion DTX Exchange credits its early adoption to its unique product offerings, including: VulcanX Blockchain - This privacy blockchain powers the DTX ecosystem and is the first unified blockchain to support conventional financial assets. With a throughput of over 100,000, this blockchain is expected to power the next decentralized applications of the future. DTX Unified Wallet - The DTX Unified Wallet is the first crypto wallet to support forex, equities, and crypto assets under a single secure application. The product is expected to add features like P2P asset trading and portfolio management tools. Enterprise RWA Platform - DTX is onboarding conventional assets on the blockchain through the Real World Assets (RWA) builder platform. DTX Exchange Sells Out Round 3 In Days In the most recent development, the ongoing presale has sold over 50 million tokens and raised $3 million to sell out the 3rd round weeks ahead of schedule. The DTX team is now raising the token price, giving investors another opportunity to join the presale and secure DTX tokens before they launch on public exchanges. Open Public Trading and Ecosystem Expansion DTX Exchange has outlined its plans to make DTX tokens available for open public trading following the launch of the VulcanX blockchain. With a growing community of over 70,000 members, the platform is preparing for broader accessibility, which may help increase its reach and user base significantly upon public launch. Additionally, DTX also has an active developer community that is actively developing new products. Exploring the DTX Ecosystem - Key Products Aside from offering a suite of trading features, DTX Exchange is expected to offer a wide range of products to developers and enterprise players in the finance world. Some notable products include the Real World Asset (RWA) tokenization tool that allows stakeholders in the Real Estate industry to tokenize assets and introduce new models of investment in illiquid assets. Additionally, DTX is expected to launch the DTX Unified Wallet, which allows holding stocks, cryptos, and forex assets. Additionally, future plans include holding the Digi-Hackathon to improve platform security and integrity. DTX Exchange: Unifying Digital Assets with Strong Growth Potential With the unique approach DTX Exchange has taken to unifying digital assets, its presale performance comes as no surprise. Built on the VulcanX blockchain, the platform is designed to improve transaction capacity compared to many layer-1 blockchains. Given the rapid pace of the presale sold, the altcoin could mirror the past trajectory of other cryptos that had exponential rallies. In the past, projects like Solana, Cardano, Polygon, and Dogecoin have all surged from small-scale altcoins into multi-billion dollar projects that have become household names. DTX Exchange aims to fulfill its potential and turn into a major powerhouse in the coming months. Investors can still become an early part of the DTX Exchange community. With a current price of $0.08 and a listing price of $0.20, investors are poised to enjoy growth in value in the coming months. With broad applications for the financial sector, DTX aims to become the cornerstone of the DeFi industry and carve out a sizeable portion of the $2 Trillion trading industry. Users can learn more: Users can buy Presale here Users can visit DTX Website here Users can join The DTX Community Contact DTX Exchange dtxinnovations@gmail.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. NEW YORK, New York, October 15th, 2024/Chainwire/--With the cryptocurrency market entering the final quarter of the year with major bullish momentum, the emerging altcoin platform DTX Exchange(DTX)has made a strong impact. The DeFi platform has raised over $4.75 Million weeks earlier than expected. This early success reflects growing interest in platforms that offer access to a diverse range of assets, including cryptocurrencies, equities, and real-world assets (RWA), under a unified trading system. Innovative Multi-Asset Platform Meeting Market Demand Despite the entry of financial giants like Blackrock and Morgan Stanley into the decentralized world, there is still a lack of a unified platform that integrates conventional assets like equities, stocks, and bonds with decentralized assets like cryptocurrencies. DTX Exchange has aimed to bridge the gap between traditional and decentralized financial markets by allowing users to trade over 100,000 assets on a single platform. This innovative solution makes it possible for traders to access a wide variety of assets under a single platform with minimal trading fees. The global cryptocurrency industry is worth $2 trillion alone, with the broader equities market having over $90 trillion worth of assets. By enabling the trading of these assets, DTX provides traders with the chance to enhance liquidity. The DTX team aims to attract the attention of millions of retail and enterprise traders through this unique feature. Notable Presale Participation and Platform Development DTX Exchange’s presale has seen considerable early participation across its initial rounds. The first round raised approximately $300,000 in a short period, while the second phase exceeded $1 million in total funds raised. The third presale round concluded ahead of schedule, with the platform raising over $4.75 million across all rounds to date. During this time, the token price increased from $0.01 to $0.08, reflecting initial interest in the platform’s offerings. Platform Features and Future Product Expansion DTX Exchange credits its early adoption to its unique product offerings, including: VulcanX Blockchain - This privacy blockchain powers the DTX ecosystem and is the first unified blockchain to support conventional financial assets. With a throughput of over 100,000, this blockchain is expected to power the next decentralized applications of the future. DTX Unified Wallet - The DTX Unified Wallet is the first crypto wallet to support forex, equities, and crypto assets under a single secure application. The product is expected to add features like P2P asset trading and portfolio management tools. Enterprise RWA Platform - DTX is onboarding conventional assets on the blockchain through the Real World Assets (RWA) builder platform. DTX Exchange Sells Out Round 3 In Days In the most recent development, the ongoing presale has sold over 50 million tokens and raised $3 million to sell out the 3rd round weeks ahead of schedule. The DTX team is now raising the token price, giving investors another opportunity to join the presale and secure DTX tokens before they launch on public exchanges. Open Public Trading and Ecosystem Expansion DTX Exchange has outlined its plans to make DTX tokens available for open public trading following the launch of the VulcanX blockchain. With a growing community of over 70,000 members, the platform is preparing for broader accessibility, which may help increase its reach and user base significantly upon public launch. Additionally, DTX also has an active developer community that is actively developing new products. Exploring the DTX Ecosystem - Key Products Aside from offering a suite of trading features, DTX Exchange is expected to offer a wide range of products to developers and enterprise players in the finance world. Some notable products include the Real World Asset (RWA) tokenization tool that allows stakeholders in the Real Estate industry to tokenize assets and introduce new models of investment in illiquid assets. Additionally, DTX is expected to launch the DTX Unified Wallet, which allows holding stocks, cryptos, and forex assets. Additionally, future plans include holding the Digi-Hackathon to improve platform security and integrity. DTX Exchange: Unifying Digital Assets with Strong Growth Potential With the unique approach DTX Exchange has taken to unifying digital assets, its presale performance comes as no surprise. Built on the VulcanX blockchain, the platform is designed to improve transaction capacity compared to many layer-1 blockchains. DTX Exchange DTX Exchange Given the rapid pace of the presale sold, the altcoin could mirror the past trajectory of other cryptos that had exponential rallies. In the past, projects like Solana, Cardano, Polygon, and Dogecoin have all surged from small-scale altcoins into multi-billion dollar projects that have become household names. DTX Exchange aims to fulfill its potential and turn into a major powerhouse in the coming months. Investors can still become an early part of the DTX Exchange community. DTX Exchange DTX Exchange With a current price of $0.08 and a listing price of $0.20, investors are poised to enjoy growth in value in the coming months. With broad applications for the financial sector, DTX aims to become the cornerstone of the DeFi industry and carve out a sizeable portion of the $2 Trillion trading industry. Users can learn more: Users can buy Presale here Users can buy Presale here Users can buy Presale here Users can visit DTX Website here Users can visit DTX Website here Users can visit DTX Website here Users can join The DTX Community Users can join The DTX Community Users can join The DTX Community Contact DTX Exchange dtxinnovations@gmail.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

DTX Exchange’s Revolutionary Multi-Asset Platform Drives $4.75M Presale

DTX Exchange se revolusionêre multi-bateplatform dryf voorverkoop van $4,75 miljoen aan

Рэвалюцыйная платформа з некалькімі актывамі DTX Exchange забяспечвае папярэдні продаж на 4,75 мільёна долараў

DTX এক্সচেঞ্জের বিপ্লবী মাল্টি-অ্যাসেট প্ল্যাটফর্ম $4.75M প্রিসেল চালায়

Revolucionarna platforma za više sredstava DTX Exchange pokreće pretprodaju od 4,75 miliona dolara

La revolucionària plataforma de múltiples actius de DTX Exchange genera una venda prèvia de 4,75 milions de dòlars

La revolucionaria plataforma multiactivos de DTX Exchange genera una preventa de 4,75 millones de dólares

Revolucionarna platforma s više sredstava DTX Exchange-a potiče pretprodaju od 4,75 milijuna USD

DTX Exchangeの革新的なマルチアセットプラットフォームが475万ドルのプレセールを促進

DTX Exchange-ის რევოლუციური მრავალ აქტივების პლატფორმა 4,75 მილიონი დოლარის წინასწარ გაყიდვას ახორციელებს

DTX Exchange revoliucinės kelių išteklių platformos diskai iš anksto parduoda 4,75 mln.

Jukwaa la Mali Nyingi la Mapinduzi la DTX Exchange Linatoa Uuzaji wa Awali wa $4.75M

Nền tảng đa tài sản mang tính cách mạng của DTX Exchange thúc đẩy đợt bán trước trị giá 4,75 triệu đô la

There are many factors that make Ethereum a fundamentally different cryptocurrency from Bitcoin, and these crucial differences are playing out in real-time on Wall Street. Unlike the US Securities and Exchange Commission’s approval of Bitcoin ETFs in January, July’s acceptance of spot Ethereum ETFs came as something of a surprise. The commission had long viewed Bitcoin as an exception in the crypto landscape, acknowledging other coins as ‘securities’ compared to BTC’s status as a commodity. Despite this, Tuesday, July 23, 2024, saw the launch of nine spot Ether exchange-traded funds on Wall Street. One month on, are market commentators ready to call the debut a success? Ether’s Mixed Results Investor sentiment for the new ETFs has been mixed. The brightest spot Ether ETF, BlackRock’s iShares Ethereum Trust ETF, has been well on course to surpass $1 billion in net inflows just one month on from its launch. Elsewhere, other funds have been less lucrative in terms of welcoming inflows. In fact, the fund with the second highest level of inflows is Fidelity’s Ethereum Fund, with less than $400 million recorded one month after launching. The elephant in the room is Grayscale’s Ethereum Trust, which has recorded significant outflows due to its relatively high fee structure. With nearly $2.5 billion in outflows from this ETF, the total cumulative flow for Ether ETFs is negative by almost $500 million. Bitcoin Comparisons are Hasty According to estimates from Bloomberg ETF analyst Eric Balchunas, the demand for spot Ethereum ETFs could settle at around 15% to 20% of what we’ve seen for Bitcoin ETFs. There are many reasons why Ethereum commanding around one-fifth of Bitcoin’s ETF market inflows is logical. Firstly, as the oldest and most popular cryptocurrency in the world, Bitcoin has fewer technological capabilities than Ether, making it more comparable to gold. Meanwhile, Ethereum’s newer, more advanced blockchain frameworks mean it can host decentralized finance (DeFi) projects and other emerging technologies, making it more comparable to oil. At least this is the view of the Industrial and Commercial Bank of China (ICBC). Despite this, Bitcoin’s ETFs have also been vulnerable to substantial outflows of late, owing to a larger contraction of the cryptocurrency market and Wall Street’s recent stock sell-offs in early August. Crucially, Bitcoin’s status as ‘digital gold’ and the cyclical nature of the coin’s halving events, making the asset marginally more predictable, mean that its ETFs are more likely to see major institutional inflows like the $600 million Goldman Sachs and Morgan Stanley invested in spot Bitcoin ETFs. Battling ETH’s Downturn While the launch of Bitcoin’s ETFs brought a subsequent cryptocurrency rally towards a fresh all-time high value for BTC, no such good fortune appears forthcoming for Ether. In fact, the cryptocurrency has fallen 26% since its exchange-traded funds launched on Wall Street, with the coin’s supply increasing by 60,555 over the same period. Unlike Bitcoin’s fixed supply, which means no more than 21 million BTC can ever be minted, no such limits exist for Ether, meaning that its scarcity won’t play the same role in determining its value as Bitcoin. Although it’s worrying to see Ether struggle in the wake of net outflows for spot Ethereum ETFs, Aurelie Barthere, principal research analyst at analytics platform Nansen, highlights that Bitcoin has also been falling significantly over the same period, indicating that Ether’s downturn is more likely related to falling risk appetite among investors. It’s also worth noting that Wall Street’s market crash in early August was another challenge that Bitcoin didn’t have to encounter during its strong post-ETF rally in early 2024. Ethereum’s Unique Challenges Unlike Bitcoin, which enjoys a market dominance of more than 56% throughout the cryptocurrency landscape, Ethereum’s status as the world’s biggest altcoin is far from assured in the long term. Since its 2015 launch, Ethereum has relied on its status as a popular, technically advanced blockchain that developers use to host their DeFi projects. This has made ETH a cryptocurrency that’s closely linked to the burgeoning NFT landscape and blockchain innovations like smart contracts and P2P lending. However, now that the asset is approaching its 10th birthday, there are many newer, more advanced blockchains that offer faster transaction speeds and lower costs than Ethereum. Because of this, Ethereum is constantly having to evolve to fend off the chasing pack, a challenge that Bitcoin has never needed to counter. One specific threat can be found in Solana. With far lower transaction fees, less network congestion, and its innovative Proof-of-History consensus mechanism, Solana could be a tangible long-term threat to Ethereum, making investing in its ETFs a riskier prospect. Despite this, we may actually see Ethereum’s spot ETF act as a driving force for maintaining its status as a leader in blockchain technology. With long-term Wall Street adoption, even if it’s at 20% the scale of Bitcoin, Ethereum’s institutional acceptance could help to see off its plucky challengers throughout the crypto landscape. “Institutional investors familiar with ETFs as a financial instrument may be more inclined to invest in Ethereum through these funds,” highlights Maxim Manturov, head of investment research at Freedom24. “This could lead to substantial capital inflows and further growth and development of the Ethereum ecosystem.” Have Spot Ethererum ETFs Been a Success? The flows surrounding spot Ethereum ETFs one month from their launch make for difficult reading. However, it’s worth noting that the exchange-traded funds had the misfortune of launching just weeks before a major market crash occurred. For investors looking to embrace Ether on Wall Street, we may see spot Ethereum ETFs act as a strong foundation for growth that sees Ethereum fend off its technical competitors and reaffirm its status as the cryptocurrency landscape’s most functional altcoin. With expectations of a cryptocurrency market bull run in late 2024 and early 2025 still high, the success of spot Ethereum ETFs could be realized a little later down the line. For now, we’re still waiting for investors to really embrace this risky altcoin play. There are many factors that make Ethereum a fundamentally different cryptocurrency from Bitcoin, and these crucial differences are playing out in real-time on Wall Street. Ethereum Unlike the US Securities and Exchange Commission’s approval of Bitcoin ETFs in January, July’s acceptance of spot Ethereum ETFs came as something of a surprise. The commission had long viewed Bitcoin as an exception in the crypto landscape, acknowledging other coins as ‘securities’ compared to BTC’s status as a commodity. viewed Bitcoin as an exception viewed Bitcoin as an exception Despite this, Tuesday, July 23, 2024, saw the launch of nine spot Ether exchange-traded funds on Wall Street. One month on, are market commentators ready to call the debut a success? Ether’s Mixed Results Investor sentiment for the new ETFs has been mixed. The brightest spot Ether ETF, BlackRock’s iShares Ethereum Trust ETF, has been well on course to surpass $1 billion in net inflows just one month on from its launch. on course to surpass $1 billion on course to surpass $1 billion Elsewhere, other funds have been less lucrative in terms of welcoming inflows. In fact, the fund with the second highest level of inflows is Fidelity’s Ethereum Fund, with less than $400 million recorded one month after launching. The elephant in the room is Grayscale’s Ethereum Trust, which has recorded significant outflows due to its relatively high fee structure. With nearly $2.5 billion in outflows from this ETF, the total cumulative flow for Ether ETFs is negative by almost $500 million. Bitcoin Comparisons are Hasty According to estimates from Bloomberg ETF analyst Eric Balchunas, the demand for spot Ethereum ETFs could settle at around 15% to 20% of what we’ve seen for Bitcoin ETFs. settle at around 15% to 20% settle at around 15% to 20% There are many reasons why Ethereum commanding around one-fifth of Bitcoin’s ETF market inflows is logical. Firstly, as the oldest and most popular cryptocurrency in the world, Bitcoin has fewer technological capabilities than Ether, making it more comparable to gold. Meanwhile, Ethereum’s newer, more advanced blockchain frameworks mean it can host decentralized finance (DeFi) projects and other emerging technologies, making it more comparable to oil. At least this is the view of the Industrial and Commercial Bank of China (ICBC). this is the view this is the view Despite this, Bitcoin’s ETFs have also been vulnerable to substantial outflows of late, owing to a larger contraction of the cryptocurrency market and Wall Street’s recent stock sell-offs in early August. substantial outflows substantial outflows Crucially, Bitcoin’s status as ‘digital gold’ and the cyclical nature of the coin’s halving events, making the asset marginally more predictable, mean that its ETFs are more likely to see major institutional inflows like the $600 million Goldman Sachs and Morgan Stanley invested in spot Bitcoin ETFs. $600 million Goldman Sachs $600 million Goldman Sachs Battling ETH’s Downturn While the launch of Bitcoin’s ETFs brought a subsequent cryptocurrency rally towards a fresh all-time high value for BTC, no such good fortune appears forthcoming for Ether. In fact, the cryptocurrency has fallen 26% since its exchange-traded funds launched on Wall Street, with the coin’s supply increasing by 60,555 over the same period. fallen 26% fallen 26% Unlike Bitcoin’s fixed supply, which means no more than 21 million BTC can ever be minted, no such limits exist for Ether, meaning that its scarcity won’t play the same role in determining its value as Bitcoin. Although it’s worrying to see Ether struggle in the wake of net outflows for spot Ethereum ETFs, Aurelie Barthere, principal research analyst at analytics platform Nansen, highlights that Bitcoin has also been falling significantly over the same period, indicating that Ether’s downturn is more likely related to falling risk appetite among investors. related to falling risk appetite related to falling risk appetite It’s also worth noting that Wall Street’s market crash in early August was another challenge that Bitcoin didn’t have to encounter during its strong post-ETF rally in early 2024. Ethereum’s Unique Challenges Unlike Bitcoin, which enjoys a market dominance of more than 56% throughout the cryptocurrency landscape, Ethereum’s status as the world’s biggest altcoin is far from assured in the long term. more than 56% more than 56% Since its 2015 launch, Ethereum has relied on its status as a popular, technically advanced blockchain that developers use to host their DeFi projects. This has made ETH a cryptocurrency that’s closely linked to the burgeoning NFT landscape and blockchain innovations like smart contracts and P2P lending. However, now that the asset is approaching its 10th birthday, there are many newer, more advanced blockchains that offer faster transaction speeds and lower costs than Ethereum. Because of this, Ethereum is constantly having to evolve to fend off the chasing pack, a challenge that Bitcoin has never needed to counter. One specific threat can be found in Solana. With far lower transaction fees , less network congestion, and its innovative Proof-of-History consensus mechanism, Solana could be a tangible long-term threat to Ethereum, making investing in its ETFs a riskier prospect. far lower transaction fees far lower transaction fees Despite this, we may actually see Ethereum’s spot ETF act as a driving force for maintaining its status as a leader in blockchain technology. With long-term Wall Street adoption, even if it’s at 20% the scale of Bitcoin, Ethereum’s institutional acceptance could help to see off its plucky challengers throughout the crypto landscape. “Institutional investors familiar with ETFs as a financial instrument may be more inclined to invest in Ethereum through these funds,” highlights Maxim Manturov, head of investment research at Freedom24 . “This could lead to substantial capital inflows and further growth and development of the Ethereum ecosystem.” Freedom24 Freedom24 Have Spot Ethererum ETFs Been a Success? The flows surrounding spot Ethereum ETFs one month from their launch make for difficult reading. However, it’s worth noting that the exchange-traded funds had the misfortune of launching just weeks before a major market crash occurred. For investors looking to embrace Ether on Wall Street, we may see spot Ethereum ETFs act as a strong foundation for growth that sees Ethereum fend off its technical competitors and reaffirm its status as the cryptocurrency landscape’s most functional altcoin. With expectations of a cryptocurrency market bull run in late 2024 and early 2025 still high, the success of spot Ethereum ETFs could be realized a little later down the line. For now, we’re still waiting for investors to really embrace this risky altcoin play.

One Month On, Have Spot Ethereum ETFs Been a Success?

Pitching is extremely important in the world of traditional finance. Most clients come from professions other than finance, so their financial advisors present various options for them to choose. Obviously, the end goal for any investment firm is to earn their commissions. At times, they can offer risky products for wealthy clients, although in most cases such firms tend to be rather conservative in order to have a long business relationship with their clients. Before the approval of spot Bitcoin ETFs, U.S. financial advisors had nothing to offer for their clients. Cryptos were considered risky and traded on crypto exchanges. However, things have changed materially when spot crypto ETFs have started to trade on traditional exchanges. Now, financial advisors have something to pitch to their clients. First, they needed a nod from their investment firm. Finally, it looks like big firms are ready to start pitching crypto ETFs. According to a recent CNBC report, Morgan Stanley has decided to allow its financial advisors to offer spot Bitcoin ETFs to eligible clients. Morgan Stanley plans to offer iShares Bitcoin Trust (IBIT, managed by BlackRock) and Wise Origin Bitcoin Fund (FBTC, managed by Fidelity). This is an extremely important development for Bitcoin and crypto in general. Morgan Stanley is one of the biggest asset managers in the world, and its clients can move markets. Crypto fans often believe that since Bitcoin is so popular, everyone knows about it and wants to invest. In reality, this is not the case. For many investors, finance is not a profession, so they rely on brokers and investment firms for advice. Such investors need a “stamp of approval” from their advisors before they are ready to invest in a certain asset. Crypto is still considered risky by many investors, despite surviving multiple crises. In this light, pitching from Morgan Stanley can make a difference for Bitcoin markets and bring new Bitcoin buyers. The investment world is extremely competitive. Most likely, other asset managers are not going to sit idle, watching how Morgan Stanley offers the hot product to its clients. Most of them will join Morgan Stanley soon. Thus, the flow of money into spot Bitcoin ETFs would grow, raising demand for Bitcoin and pushing its price higher. If everything goes well, we can expect to see the first impact closer to the end of 2024. Interestingly, BlackRock believes that crypto ETFs will be included in model portfolios by the end of this year. This would be a major development for crypto markets as many people follow such portfolios and make their investment decisions accordingly. The inclusion of crypto ETFs into model portfolios will surely bring more money into crypto markets. The key advantage for private investors who do not rely on financial advisors or model portfolios is that they can buy Bitcoin at any time. Moreover, they can own real Bitcoin instead of using intermediaries like BlackRock and paying them commissions. There are few situations in the market when the small guy has an edge over a large investment firm, so don’t hesitate to use your advantage. Pitching is extremely important in the world of traditional finance. Most clients come from professions other than finance, so their financial advisors present various options for them to choose. Pitching is extremely important in the world of traditional finance. Most clients come from professions other than finance, so their financial advisors present various options for them to choose. Obviously, the end goal for any investment firm is to earn their commissions. At times, they can offer risky products for wealthy clients, although in most cases such firms tend to be rather conservative in order to have a long business relationship with their clients. Before the approval of spot Bitcoin ETFs, U.S. financial advisors had nothing to offer for their clients. Cryptos were considered risky and traded on crypto exchanges. However, things have changed materially when spot crypto ETFs have started to trade on traditional exchanges. Now, financial advisors have something to pitch to their clients. First, they needed a nod from their investment firm. Finally, it looks like big firms are ready to start pitching crypto ETFs. According to a recent CNBC report , Morgan Stanley has decided to allow its financial advisors to offer spot Bitcoin ETFs to eligible clients. Morgan Stanley plans to offer iShares Bitcoin Trust (IBIT, managed by BlackRock) and Wise Origin Bitcoin Fund (FBTC, managed by Fidelity). report report This is an extremely important development for Bitcoin and crypto in general. Morgan Stanley is one of the biggest asset managers in the world, and its clients can move markets. Crypto fans often believe that since Bitcoin is so popular, everyone knows about it and wants to invest. In reality, this is not the case. For many investors, finance is not a profession, so they rely on brokers and investment firms for advice. Such investors need a “stamp of approval” from their advisors before they are ready to invest in a certain asset. Crypto is still considered risky by many investors, despite surviving multiple crises. In this light, pitching from Morgan Stanley can make a difference for Bitcoin markets and bring new Bitcoin buyers. The investment world is extremely competitive. Most likely, other asset managers are not going to sit idle, watching how Morgan Stanley offers the hot product to its clients. Most of them will join Morgan Stanley soon. Thus, the flow of money into spot Bitcoin ETFs would grow, raising demand for Bitcoin and pushing its price higher. If everything goes well, we can expect to see the first impact closer to the end of 2024. Interestingly, BlackRock believes that crypto ETFs will be included in model portfolios by the end of this year. This would be a major development for crypto markets as many people follow such portfolios and make their investment decisions accordingly. The inclusion of crypto ETFs into model portfolios will surely bring more money into crypto markets. believes believes The key advantage for private investors who do not rely on financial advisors or model portfolios is that they can buy Bitcoin at any time. Moreover, they can own real Bitcoin instead of using intermediaries like BlackRock and paying them commissions. There are few situations in the market when the small guy has an edge over a large investment firm, so don’t hesitate to use your advantage.

More Money Could Be Coming Into Bitcoin ETFs Soon

Just like anything else in the tech industry, blockchain and crypto are evolving, facing growing pains, and gradually integrating into the mainstream. These past few years have basically been a roller coaster of emotions as bull and bear market cycles have swung investor sentiments wildly, creating a landscape of rapid highs and lows. In 2022, the value of popular cryptocurrencies declined precipitously with a series of dramatic events. This included the failure of multiple stablecoins, such as TerraUSD and Luna in May, and the collapse of FTX in November. Governments and regulatory bodies worldwide are also tightening their oversight of the crypto industry, seeking to address issues such as fraud, money laundering, and consumer protection. High-profile failures like FTX have led to calls for stricter regulations, adding to market instability. However, these cycles of boom and bust are not new to the crypto world; similar patterns were observed during previous market corrections in 2013 and 2018. 2023 saw the cryptocurrency industry recover from the scandals and declines of 2022. With crypto assets rebounding and market activity increasing throughout the year, many believe that the crypto winter is endingand a new growth phase is on the horizon. And Bitcoin (BTC) finally made a sweet revenge. The price again reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024. The Current State of Cryptocurrency So, where are we now? Let’s dive into this ever-evolving ecosystem to understand its present state and the path forward. Market Dynamics The year 2023 was primarily a recovery period for Bitcoin and cryptoassets, marked by significant events that influenced the outlook for the following years. Notably, BlackRock's spot Bitcoin ETF filing in June 2023 has already paved the way for greater adoption of this emerging asset class in 2024 and beyond. Ethereum's path towards increased scalability and efficiency, exemplified by the adoption of Layer 2 networks like Polygon and Arbitrum, represents a significant leap forward in enhancing transaction throughput and reducing fees. This progress is poised to boost Ethereum's adoption in DeFi and NFTs, highlighting the broader theme of technological advancements within the crypto-asset space. The DeFi sector is also on the verge of substantial growth, driven by institutional interest and the incorporation of KYC protocols. This fusion of traditional financial principles with decentralized frameworks signifies a maturing industry, ready for broader adoption and reflective of the evolving financial services landscape. In this context, One Trading highlights the importance of regulatory compliance, operating within a framework that adheres to European regulatory standards to provide a secure and transparent trading environment for all participants. Not only that, but the NFT sector is undergoing a vibrant resurgence, expanding into diverse areas such as art, gaming, and digital collectibles. The introduction of Bitcoin-based NFTs and the growth of marketplaces demonstrate the sector's versatility and rising mainstream appeal, emphasizing the broader integration of blockchain technology into digital culture and commerce. Institutional Adoption Companies like MicroStrategy made headlines by allocating a portion of their treasury reserves to Bitcoin. Investment banks such as Goldman Sachs and Morgan Stanley also have begun offering cryptocurrency investment products to their clients, which signals a shift toward mainstream acceptance. Institutional adoption of cryptocurrencies is gaining momentum, with major financial institutions, corporations, and investment funds incorporating digital assets into their portfolios. The entrance of major players like BlackRock into the Bitcoin space has set the stage for increased institutional adoption. Throughout 2023, numerous new participants emerged on public permissionless networks, providing direct on-chain access to tokenized US Treasury exposure. As a result, total assets held in US Treasury-like exposure on-chain have surged sixfold to over $786 million, as digitally native users have pursued yields unlinked to traditional crypto sources. In June 2024, the total market cap for all cryptocurrencies hit an impressive $2.3 trillion, showing just how much institutions and investors around the globe are getting into crypto. Regulatory Environment Regulatory scrutiny of cryptocurrencies is intensifying globally by reflecting authorities' efforts to balance innovation with investor protection and financial stability. While regulatory clarity remains a challenge in some jurisdictions, proactive regulatory frameworks are beginning to emerge, providing a more stable operating environment for crypto businesses. Countries like Switzerland and Singapore have established clear regulatory frameworks for cryptocurrencies– which create innovation while implementing investor protection. Social Impact Cryptocurrency's potential to drive positive social impact is increasingly recognized, particularly in the areas of financial inclusion and remittances. Initiatives leveraging blockchain technology to facilitate micropayments, cross-border transfers, and access to financial services in underserved regions are gaining traction. Initiatives like the Stellar Development Foundation's partnership with the Ministry of Digital Transformation in Ukraine aim to digitize the country's national currency and improve financial inclusion. In Africa, projects like BitPesa also facilitate cross-border remittances and access to financial services for the unbanked population. It goes without saying that the adoption of Bitcoin and other crypto assets like Ethereum is still in its early stages in most developed countries. Recent surveys on retail adoption in 2023 indicate a global adoption rate of around 18%, meaning roughly one in five individuals worldwide currently holds some form of cryptoasset. There were over 34,000 Bitcoin ATMs all over the world as of January 1, 2024. The Upcoming Challenges… Of course, there are risks for crypto in the future as well. Here are some of the significant challenges on the horizon: Tougher Regulation As the cryptocurrency market matures, it faces the prospect of stricter regulatory oversight from governments and regulatory bodies worldwide. Regulatory challenges such as recent SEC actions against major exchanges like Binance and Coinbase highlight the growing regulatory challenges within the industry. Increased regulation could impact the accessibility and operation of crypto exchanges, projects, and financial products, potentially stifling innovation and adoption. Long-term Viability Questions surrounding the long-term viability of cryptocurrencies persist, particularly regarding their ability to maintain value and relevance over time. Factors such as technological advancements, market sentiment, and competition from traditional financial systems could influence the sustainability of cryptocurrencies as viable assets and mediums of exchange. Environmental Concerns The environmental impact of cryptocurrency mining, particularly for proof-of-work-based networks like Bitcoin, remains a pressing concern. Rising energy consumption and carbon emissions associated with mining operations could exacerbate environmental degradation and contribute to climate change. This, for sure, prompts calls for greener alternatives and sustainable practices within the industry. According to an analysis by the University of Cambridge, bitcoin mining is estimated to consume 121.36 terawatt-hours annually. This surpasses the energy consumption of Argentina and exceeds the combined consumption of tech giants like Google, Apple, Facebook, and Microsoft. It Has Come a Long Way …. One thing that is consistent in the crypto industry is the inconsistency. It continues its journey of growth, expansion, and evolution. Not every protocol will withstand the challenges ahead, but with ongoing adoption by users, developers, and institutions, coupled with the emergence of innovative applications, cryptocurrency is poised to continue its maturation process. Editor’s Note: This story was written using the Bitcoin Writing Contest template. To take part in the contest, feel free to head to the following link for a chance to win thousands of dollars in prizes. Need more ideas? See submissions from other writers under the #bitcoin tag. Just like anything else in the tech industry, blockchain and crypto are evolving, facing growing pains, and gradually integrating into the mainstream. blockchain and crypto These past few years have basically been a roller coaster of emotions as bull and bear market cycles have swung investor sentiments wildly, creating a landscape of rapid highs and lows. In 2022, the value of popular cryptocurrencies declined precipitously with a series of dramatic events. This included the failure of multiple stablecoins, such as TerraUSD and Luna in May, and the collapse of FTX in November. the collapse of FTX the collapse of FTX Governments and regulatory bodies worldwide are also tightening their oversight of the crypto industry, seeking to address issues such as fraud, money laundering, and consumer protection. High-profile failures like FTX have led to calls for stricter regulations, adding to market instability. However, these cycles of boom and bust are not new to the crypto world; similar patterns were observed during previous market corrections in 2013 and 2018. cycles of boom cycles of boom 2023 saw the cryptocurrency industry recover from the scandals and declines of 2022. With crypto assets rebounding and market activity increasing throughout the year, many believe that the crypto winter is ending and a new growth phase is on the horizon. the crypto winter is ending And Bitcoin (BTC) finally made a sweet revenge. The price again reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024. The Current State of Cryptocurrency The Current State of Cryptocurrency So, where are we now? Let’s dive into this ever-evolving ecosystem to understand its present state and the path forward. Market Dynamics Market Dynamics The year 2023 was primarily a recovery period for Bitcoin and cryptoassets, marked by significant events that influenced the outlook for the following years. Notably, BlackRock's spot Bitcoin ETF filing in June 2023 has already paved the way for greater adoption of this emerging asset class in 2024 and beyond. Ethereum's path towards increased scalability and efficiency, exemplified by the adoption of Layer 2 networks like Polygon and Arbitrum, represents a significant leap forward in enhancing transaction throughput and reducing fees. This progress is poised to boost Ethereum's adoption in DeFi and NFTs, highlighting the broader theme of technological advancements within the crypto-asset space. The DeFi sector is also on the verge of substantial growth, driven by institutional interest and the incorporation of KYC protocols. This fusion of traditional financial principles with decentralized frameworks signifies a maturing industry, ready for broader adoption and reflective of the evolving financial services landscape. In this context, One Trading highlights the importance of regulatory compliance, operating within a framework that adheres to European regulatory standards to provide a secure and transparent trading environment for all participants. Not only that, but the NFT sector is undergoing a vibrant resurgence, expanding into diverse areas such as art, gaming, and digital collectibles. The introduction of Bitcoin-based NFTs and the growth of marketplaces demonstrate the sector's versatility and rising mainstream appeal, emphasizing the broader integration of blockchain technology into digital culture and commerce. Institutional Adoption Institutional Adoption Companies like MicroStrategy made headlines by allocating a portion of their treasury reserves to Bitcoin. Investment banks such as Goldman Sachs and Morgan Stanley also have begun offering cryptocurrency investment products to their clients, which signals a shift toward mainstream acceptance. Goldman Sachs and Morgan Stanley also have begun offering cryptocurrency investment Goldman Sachs and Morgan Stanley also have begun offering cryptocurrency investment Institutional adoption of cryptocurrencies is gaining momentum, with major financial institutions, corporations, and investment funds incorporating digital assets into their portfolios. The entrance of major players like BlackRock into the Bitcoin space has set the stage for increased institutional adoption. Throughout 2023, numerous new participants emerged on public permissionless networks, providing direct on-chain access to tokenized US Treasury exposure. As a result, total assets held in US Treasury-like exposure on-chain have surged sixfold to over $786 million, as digitally native users have pursued yields unlinked to traditional crypto sources. In June 2024, the total market cap for all cryptocurrencies hit an impressive $2.3 trillion, showing just how much institutions and investors around the globe are getting into crypto. Regulatory Environment Regulatory Environment Regulatory scrutiny of cryptocurrencies is intensifying globally by reflecting authorities' efforts to balance innovation with investor protection and financial stability. While regulatory clarity remains a challenge in some jurisdictions, proactive regulatory frameworks are beginning to emerge, providing a more stable operating environment for crypto businesses. Countries like Switzerland and Singapore have established clear regulatory frameworks for cryptocurrencies– which create innovation while implementing investor protection. clear regulatory frameworks clear regulatory frameworks Social Impact Social Impact Cryptocurrency's potential to drive positive social impact is increasingly recognized, particularly in the areas of financial inclusion and remittances. Initiatives leveraging blockchain technology to facilitate micropayments, cross-border transfers, and access to financial services in underserved regions are gaining traction. Initiatives like the Stellar Development Foundation's partnership with the Ministry of Digital Transformation in Ukraine aim to digitize the country's national currency and improve financial inclusion. In Africa, projects like BitPesa also facilitate cross-border remittances and access to financial services for the unbanked population. Stellar Development Foundation's partnership with the Ministry of Digital Transformation Stellar Development Foundation's partnership with the Ministry of Digital Transformation It goes without saying that the adoption of Bitcoin and other crypto assets like Ethereum is still in its early stages in most developed countries. Recent surveys on retail adoption in 2023 indicate a global adoption rate of around 18%, meaning roughly one in five individuals worldwide currently holds some form of cryptoasset. There were over 34,000 Bitcoin ATMs all over the world as of January 1, 2024. Recent surveys 34,000 Bitcoin ATMs The Upcoming Challenges… The Upcoming Challenges… Of course, there are risks for crypto in the future as well. Here are some of the significant challenges on the horizon: Tougher Regulation Tougher Regulation As the cryptocurrency market matures, it faces the prospect of stricter regulatory oversight from governments and regulatory bodies worldwide. Regulatory challenges such as recent SEC actions against major exchanges like Binance and Coinbase highlight the growing regulatory challenges within the industry. Increased regulation could impact the accessibility and operation of crypto exchanges, projects, and financial products, potentially stifling innovation and adoption. Long-term Viability Long-term Viability Questions surrounding the long-term viability of cryptocurrencies persist, particularly regarding their ability to maintain value and relevance over time. Factors such as technological advancements, market sentiment, and competition from traditional financial systems could influence the sustainability of cryptocurrencies as viable assets and mediums of exchange. Environmental Concerns Environmental Concerns The environmental impact of cryptocurrency mining, particularly for proof-of-work-based networks like Bitcoin, remains a pressing concern. Rising energy consumption and carbon emissions associated with mining operations could exacerbate environmental degradation and contribute to climate change. This, for sure, prompts calls for greener alternatives and sustainable practices within the industry. According to an analysis by the University of Cambridge , bitcoin mining is estimated to consume 121.36 terawatt-hours annually. This surpasses the energy consumption of Argentina and exceeds the combined consumption of tech giants like Google, Apple, Facebook, and Microsoft. analysis by the University of Cambridge analysis by the University of Cambridge It Has Come a Long Way …. It Has Come a Long Way …. One thing that is consistent in the crypto industry is the inconsistency. It continues its journey of growth, expansion, and evolution. Not every protocol will withstand the challenges ahead, but with ongoing adoption by users, developers, and institutions, coupled with the emergence of innovative applications, cryptocurrency is poised to continue its maturation process. Editor’s Note: This story was written using the Bitcoin Writing Contest template. To take part in the contest, feel free to head to the following link for a chance to win thousands of dollars in prizes. Editor’s Note: This story was written using the Bitcoin Writing Contest template. To take part in the contest, feel free to head to the following link for a chance to win thousands of dollars in prizes. Editor’s Note: This story was written using the Bitcoin Writing Contest template. To take part in the contest, feel free to head to the following link for a chance to win thousands of dollars in prizes. link Need more ideas? See submissions from other writers under the #bitcoin tag. Need more ideas? See submissions from other writers under the #bitcoin tag. #bitcoin

Crypto Chronicles: Riding the Digital Rollercoaster

ক্রিপ্টো ক্রনিকলস: ডিজিটাল রোলারকোস্টার রাইডিং

Crypto Chronicles: Eine Fahrt auf der digitalen Achterbahn

Crypto Chronicles: Montando la montaña rusa digital

Crypto Chronicles : sur les montagnes russes numériques

क्रिप्टो क्रॉनिकल्स: डिजिटल रोलरकोस्टर की सवारी

暗号クロニクル: デジタルジェットコースターに乗る

Crypto Chronicles: 디지털 롤러코스터를 타고

Crypto Chronicles: andando na montanha-russa digital

Криптохроники: катание на цифровых американских горках

Crypto Chronicles: Dijital Hız Trenine Binmek

Biên niên sử tiền điện tử: Đi tàu lượn siêu tốc kỹ thuật số

加密货币纪事：乘坐数字过山车

Authors:
(1) Aarav Patel, Amity Regional High School – email: aarav.dhp@gmail.com;
(2) Peter Gloor, Center for Collective Intelligence, Massachusetts Institute of Technology and Corresponding author – email: pgloor@mit.edu. Table of Links Abstract and Introduction
Related Works
Purpose
Methods
Results
Discussion
Conclusion and Bibliography Abstract Environmental Social Governance (ESG) is a widely used metric that measures the sustainability of a company’s practices. Currently, ESG is determined using self-reported corporate filings, which allows companies to portray themselves in an artificially positive light. As a result, ESG evaluation is subjective and inconsistent across raters, giving executives mixed signals on what to improve. This project aims to create a data-driven ESG evaluation system that can provide better guidance and more systemized scores by incorporating social sentiment. Social sentiment allows for more balanced perspectives which directly highlight public opinion, helping companies create more focused and impactful initiatives. To build this, Python web scrapers were developed to collect data from Wikipedia, Twitter, LinkedIn, and Google News for the S&P 500 companies. Data was then cleaned and passed through NLP algorithms to obtain sentiment scores for ESG subcategories. Using these features, machine-learning algorithms were trained and calibrated to S&P Global ESG Ratings to test their predictive capabilities. The Random-Forest model was the strongest model with a mean absolute error of 13.4% and a correlation of 26.1% (p-value 0.0372), showing encouraging results. Overall, measuring ESG social sentiment across sub-categories can help executives focus efforts on areas people care about most. Furthermore, this data-driven methodology can provide ratings for companies without coverage, allowing more socially responsible firms to thrive. Keywords: Environmental Social Governance, Machine Learning, Social Network Analytics, Corporate Social Responsibility, Natural Language Processing, Sustainability, Online Social Media 1. Introduction Many feel companies need to place more emphasis on social responsibility. For instance, 100 companies have been responsible for 71% of global greenhouse gas emissions since 1998 (Carbon Majors Database[1]). Many business leaders have publicly stated that they are on board with incorporating sustainability measures. In 2016, a UN survey found that 78% of CEO respondents believed corporate efforts should contribute to the UN Standard Development Goals, which are goals adopted by the United Nations as a universal call to action to end poverty and protect the planet (UN, 2016). However, while many executives pledged greater focus on these areas of concern, only a few took noticeable tangible action. In a more recent 2019 UN survey, only ~20% of responding CEOs felt that businesses were making a difference in the worldwide sustainability agenda (UN, 2019). These surveys highlight a disconnect between sustainability goals and sustainability actions. They also highlight inefficiencies in current executive actions since many feel they are not making enough progress toward social responsibility. ESG, or Environmental Social Governance, is a commonly used metric that determines the sustainability and societal impact of a company’s practices. ESG raters such as MSCI (Morgan Stanley Capital International), S&P Global, and FTSE (Financial Times Stock Exchange) do this by measuring sub-categories such as pollution, diversity, human rights, community impact, etc. (figure 1). Measuring these areas of concern are necessary since they encourage companies to rectify bad practices. This is because ESG ratings can influence factors such as investor capital, public perception, credit ratings, etc. Furthermore, ESG ratings can provide companies with specific information on which key areas to improve, which can help better guide their initiatives. At the moment, ESG is assessed by rating agencies using self-reporting company filings. As a result, companies can often portray themselves in an artificially positive light. These biased reports have led to subjective and inconsistent analysis between different ESG rating organizations, despite them seeking to measure the same thing (Kotsanonis et al., 2019). For instance, the correlation among six prominent ESG rating agencies is 0.54; in comparison, mainstream credit ratings have a stronger correlation of 0.99 (Berg et al., 2019). As a result, many feel there is a disconnect between ESG ratings and a company’s true social responsibility. This highlights how subjective assessment and limited data transparency from self-reporting can create inconsistent ratings. Having more consistent and accurate ESG evaluation is important. Divergence and imprecision in ESG ratings hamper motivation for companies to improve since they give executives mixed signals on what to change (Stackpole, 2021). As a result, it becomes difficult to create better-targeted sustainability initiatives. Furthermore, self-reporting allows companies with more resources to portray themselves better. This is why there is a significant positive correlation between a company’s size, available resources, and ESG score (Drempetic et al., 2019). These issues ultimately defeat the purpose of ESG by failing to motivate companies toward sustainable practices. This raises the need for a more holistic and systemized approach to ESG evaluation that can more precisely measure a company’s social responsibility. By establishing a more representative ground truth, it can better guide company initiatives toward social responsibility, thus increasing the impact of ESG. This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. Authors: (1) Aarav Patel, Amity Regional High School – email: aarav.dhp@gmail.com; (2) Peter Gloor, Center for Collective Intelligence, Massachusetts Institute of Technology and Corresponding author – email: pgloor@mit.edu. Authors: Authors: (1) Aarav Patel, Amity Regional High School – email: aarav.dhp@gmail.com; (2) Peter Gloor, Center for Collective Intelligence, Massachusetts Institute of Technology and Corresponding author – email: pgloor@mit.edu. Table of Links Abstract and Introduction Related Works Purpose Methods Results Discussion Conclusion and Bibliography Abstract and Introduction Abstract and Introduction Related Works Related Works Purpose Purpose Methods Methods Results Results Discussion Discussion Conclusion and Bibliography Conclusion and Bibliography Abstract Environmental Social Governance (ESG) is a widely used metric that measures the sustainability of a company’s practices. Currently, ESG is determined using self-reported corporate filings, which allows companies to portray themselves in an artificially positive light. As a result, ESG evaluation is subjective and inconsistent across raters, giving executives mixed signals on what to improve. This project aims to create a data-driven ESG evaluation system that can provide better guidance and more systemized scores by incorporating social sentiment. Social sentiment allows for more balanced perspectives which directly highlight public opinion, helping companies create more focused and impactful initiatives. To build this, Python web scrapers were developed to collect data from Wikipedia, Twitter, LinkedIn, and Google News for the S&P 500 companies. Data was then cleaned and passed through NLP algorithms to obtain sentiment scores for ESG subcategories. Using these features, machine-learning algorithms were trained and calibrated to S&P Global ESG Ratings to test their predictive capabilities. The Random-Forest model was the strongest model with a mean absolute error of 13.4% and a correlation of 26.1% (p-value 0.0372), showing encouraging results. Overall, measuring ESG social sentiment across sub-categories can help executives focus efforts on areas people care about most. Furthermore, this data-driven methodology can provide ratings for companies without coverage, allowing more socially responsible firms to thrive. Keywords : Environmental Social Governance, Machine Learning, Social Network Analytics, Corporate Social Responsibility, Natural Language Processing, Sustainability, Online Social Media Keywords 1. Introduction Many feel companies need to place more emphasis on social responsibility. For instance, 100 companies have been responsible for 71% of global greenhouse gas emissions since 1998 (Carbon Majors Database[1]). Many business leaders have publicly stated that they are on board with incorporating sustainability measures. In 2016, a UN survey found that 78% of CEO respondents believed corporate efforts should contribute to the UN Standard Development Goals, which are goals adopted by the United Nations as a universal call to action to end poverty and protect the planet (UN, 2016). However, while many executives pledged greater focus on these areas of concern, only a few took noticeable tangible action. In a more recent 2019 UN survey, only ~20% of responding CEOs felt that businesses were making a difference in the worldwide sustainability agenda (UN, 2019). These surveys highlight a disconnect between sustainability goals and sustainability actions. They also highlight inefficiencies in current executive actions since many feel they are not making enough progress toward social responsibility. ESG, or Environmental Social Governance, is a commonly used metric that determines the sustainability and societal impact of a company’s practices. ESG raters such as MSCI (Morgan Stanley Capital International), S&P Global, and FTSE (Financial Times Stock Exchange) do this by measuring sub-categories such as pollution, diversity, human rights, community impact, etc. (figure 1). Measuring these areas of concern are necessary since they encourage companies to rectify bad practices. This is because ESG ratings can influence factors such as investor capital, public perception, credit ratings, etc. Furthermore, ESG ratings can provide companies with specific information on which key areas to improve, which can help better guide their initiatives. At the moment, ESG is assessed by rating agencies using self-reporting company filings. As a result, companies can often portray themselves in an artificially positive light. These biased reports have led to subjective and inconsistent analysis between different ESG rating organizations, despite them seeking to measure the same thing (Kotsanonis et al., 2019). For instance, the correlation among six prominent ESG rating agencies is 0.54; in comparison, mainstream credit ratings have a stronger correlation of 0.99 (Berg et al., 2019). As a result, many feel there is a disconnect between ESG ratings and a company’s true social responsibility. This highlights how subjective assessment and limited data transparency from self-reporting can create inconsistent ratings. Having more consistent and accurate ESG evaluation is important. Divergence and imprecision in ESG ratings hamper motivation for companies to improve since they give executives mixed signals on what to change (Stackpole, 2021). As a result, it becomes difficult to create better-targeted sustainability initiatives. Furthermore, self-reporting allows companies with more resources to portray themselves better. This is why there is a significant positive correlation between a company’s size, available resources, and ESG score (Drempetic et al., 2019). These issues ultimately defeat the purpose of ESG by failing to motivate companies toward sustainable practices. This raises the need for a more holistic and systemized approach to ESG evaluation that can more precisely measure a company’s social responsibility. By establishing a more representative ground truth, it can better guide company initiatives toward social responsibility, thus increasing the impact of ESG. This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. available on arxiv

Creating a Systematic ESG Scoring System: Abstract and Introduction

একটি পদ্ধতিগত ESG স্কোরিং সিস্টেম তৈরি করা: বিমূর্ত এবং ভূমিকা

Erstellen eines systematischen ESG-Bewertungssystems: Zusammenfassung und Einführung

Creación de un sistema sistemático de puntuación ESG: resumen e introducción

Créer un système de notation ESG systématique : résumé et introduction

एक व्यवस्थित ईएसजी स्कोरिंग प्रणाली बनाना: सार और परिचय

体系的な ESG スコアリング システムの作成: 概要と概要

체계적인 ESG 채점 시스템 구축: 개요 및 소개

Criando um Sistema Sistemático de Pontuação ESG: Resumo e Introdução

Создание систематической системы ESG-скоринга: Краткое содержание и введение

Sistematik ÇSY Puanlama Sistemi Oluşturma: Özet ve Giriş

Tạo hệ thống tính điểm ESG có hệ thống: Tóm tắt và giới thiệu

创建系统的 ESG 评分体系：摘要和简介

This May, the Fed noticed that it would not decrease rates soon, and the BTC price fell below $57,000 at the beginning of May. Despite that, it's unexpectedly becoming a good time for the crypto market. The Bitcoin ETF has had record inflows since March, hedge funds report record numbers of crypto investments, and American legislators have passed anti-SEC resolutions. Other crypto regulation updates outside of the US include a new crypto bill in Turkey, a mining ban in Venezuela, regulatory uncertainty in the EU, and consultations between crypto regulators in India. Do US lawmakers unite against the SEC? The US Senate has passed a resolution against the SEC to cancel rule 129, which obligates banks to declare their crypto balances to the commission. Senators voted 60 - 38; both Republicans and Democrats supported this resolution. However, Biden has already claimed that he is going to veto it. Anyway, this is the first such case where the US Congress and Senate have agreed with each other on crypto regulation. The resolution was supported by both Republicans and Democrats, including majority leader Chuck Schumer. Lawmakers gently hint to the SEC and its chairman, Gary Gensler, that the commission doesn't have to abuse its authority over cryptocurrencies and banks. Growing numbers of investments in Bitcoin ETF In the middle of May, some big institutional investors made waves by announcing their shares in Bitcoin. Hedge fund Millennium invested about $2 billion, while Morgan Stanley invested $270 million. The State of Wisconsin Investment Board also revealed it has about $164 million in Grayscale and Blackrock Bitcoin ETF. Meanwhile, with the US CPI index for April coming in 0.1% lower than expected, Bitcoin's price surged to $67,000. Last week, according to Farside Investors, we saw $948.3 million in inflows into US spot Bitcoin ETFs. Last but not least, Pantera Capital invested in cryptocurrency TON a large sum—which is unknown but probably exceeds Pantera's investment in Solana ($250 mln). Chicago Mercantile Exchange (CME Group) has also recorded increased institutional demand for bitcoin and plans to launch spot bitcoin trading directly. Regulatory uncertainty in the European Union Meanwhile, Europe is gearing up for the full implementation of the MiCA crypto regulation framework. Overall, this isn't the best news for the industry—there's a lot of uncertainty about how cryptocurrency companies will continue to operate in Europe. This affects not just medium-sized VASPs, but also the big players in the market. In April it became known from Tether CEO Paolo Ordoino that the company does not plan to obtain a license for USDT in the EU. Last week Kraken exchange announced that it will delist USDT for its European clients. Tether will presumably develop euro-denominated stablecoins in the EU. However, it is unknown how this will happen—so far, the capitalization of euro-denominated stablecoins has stayed relatively small. At the same time, European countries continue the implementation of their classic VASP crypto regulation frameworks, which obligate any crypto entities operating in the country to get a license/registration. For instance, French financial regulator Autorité des marchés financiers (AMF) has informed the public that Bybit has illegally operated in the country since 2022 because it didn't get a license from the regulator. Bybit is included in the AMF blacklist as a company, which isn't compliant with existing regulations in the country. Turkey will pass new crypto bill Last week, the ruling party introduced a crypto bill into Turkish parliament. The new legislation regulates licensing procedures for crypto entities, compliance, and AML. Local financial regulator Capital Markets Board (CMB) will be the main institution in this process. India updating crypto regulations Although pending new elections, the National Government has so far resisted its legislative initiatives to regulate cryptocurrencies—regulators are doing it instead.  Local financial regulator - SEBI has published its recommendations dedicated to crypto regulation in the country. It recommends dividing crypto activities by regulators: SEBI to regulate ICOs and securities, Central Bank - stablecoins, FIU - VASP registrations. FIU started VASP registration in the country late last year, and 28 companies were registered. Last week, the first two foreign exchanges, Binance and Kucoin, were also approved to operate in the country. Venezuela imposes a mining ban Despite the existing economic and political issues in Venezuela, cryptocurrencies are legal in the country. Also, it has regulations for mining. Unfortunately, last week, the local Ministry of Electric Power claimed that it would disconnect existing mining farms from the grid. The government explained this initiative by citing the high load on the country's electricity networks. In addition, the decision may be related to the country's anti-corruption campaign—the government had previously confiscated 2,000 devices in the city of Maracay and 11,000 mining devices in Carabobo state. It still needs to be determined whether the ban on mining in Venezuela will be temporary or permanent. Such initiatives to ban or restrict mining due to high load on power grids are not uncommon. For example, in 2021, mining was banned in Iran for four months. The Central Asian countries of Kazakhstan, Uzbekistan and Kyrgyzstan also imposed certain restrictions on the activities of mining operators. VanEck ETH ETF application Finally, I would like to remind you about the important event of the coming week—on May 23, the SEC is expected to rule on VanEck's Ethereum ETFs. Bloomberg's analyst Erik Balchunas commented last week that the SEC probably won't approve any spot Ethereum ETF. He suggests that according to the commission's current position, it evaluates Ethereum as a security. Indeed, the probability of rejection is quite high, but let's see what the regulator decides. If you are interested in getting more crypto regulation insights, you can watch the global crypto regulation rating here and get updates on my Telegram channel. This May, the Fed noticed that it would not decrease rates soon, and the BTC price fell below $57,000 at the beginning of May. Despite that, it's unexpectedly becoming a good time for the crypto market. The Bitcoin ETF has had record inflows since March, hedge funds report record numbers of crypto investments, and American legislators have passed anti-SEC resolutions. BTC Other crypto regulation updates outside of the US include a new crypto bill in Turkey, a mining ban in Venezuela, regulatory uncertainty in the EU, and consultations between crypto regulators in India. Do US lawmakers unite against the SEC? Do US lawmakers unite against the SEC? The US Senate has passed a resolution against the SEC to cancel rule 129, which obligates banks to declare their crypto balances to the commission. Senators voted 60 - 38; both Republicans and Democrats supported this resolution. However, Biden has already claimed that he is going to veto it. passed passed Anyway, this is the first such case where the US Congress and Senate have agreed with each other on crypto regulation. The resolution was supported by both Republicans and Democrats, including majority leader Chuck Schumer. Lawmakers gently hint to the SEC and its chairman, Gary Gensler, that the commission doesn't have to abuse its authority over cryptocurrencies and banks. crypto regulation. Growing numbers of investments in Bitcoin ETF Growing numbers of investments in Bitcoin ETF In the middle of May, some big institutional investors made waves by announcing their shares in Bitcoin. Hedge fund Millennium invested about $2 billion, while Morgan Stanley invested $270 million. The State of Wisconsin Investment Board also revealed it has about $164 million in Grayscale and Blackrock Bitcoin ETF. Meanwhile, with the US CPI index for April coming in 0.1% lower than expected, Bitcoin's price surged to $67,000. Last week, according to Farside Investors, we saw $948.3 million in inflows into US spot Bitcoin ETFs. invested Morgan Stanley $164 million Last but not least, Pantera Capital invested in cryptocurrency TON a large sum—which is unknown but probably exceeds Pantera's investment in Solana ($250 mln). Chicago Mercantile Exchange (CME Group) has also recorded increased institutional demand for bitcoin and plans to launch spot bitcoin trading directly. Regulatory uncertainty in the European Union Regulatory uncertainty in the European Union Meanwhile, Europe is gearing up for the full implementation of the MiCA crypto regulation framework. Overall, this isn't the best news for the industry—there's a lot of uncertainty about how cryptocurrency companies will continue to operate in Europe. This affects not just medium-sized VASPs, but also the big players in the market. In April it became known from Tether CEO Paolo Ordoino that the company does not plan to obtain a license for USDT in the EU. Last week Kraken exchange announced that it will delist USDT for its European clients. Tether will presumably develop euro-denominated stablecoins in the EU. However, it is unknown how this will happen—so far, the capitalization of euro-denominated stablecoins has stayed relatively small. known known announced announced At the same time, European countries continue the implementation of their classic VASP crypto regulation frameworks, which obligate any crypto entities operating in the country to get a license/registration. For instance, French financial regulator Autorité des marchés financiers (AMF) has informed the public that Bybit has illegally operated in the country since 2022 because it didn't get a license from the regulator. Bybit is included in the AMF blacklist as a company, which isn't compliant with existing regulations in the country. included included Turkey will pass new crypto bill Turkey will pass new crypto bill Last week, the ruling party introduced a crypto bill into Turkish parliament. The new legislation regulates licensing procedures for crypto entities, compliance, and AML. Local financial regulator Capital Markets Board (CMB) will be the main institution in this process. India updating crypto regulations India updating crypto regulations Although pending new elections, the National Government has so far resisted its legislative initiatives to regulate cryptocurrencies—regulators are doing it instead.  Local financial regulator - SEBI has published its recommendations dedicated to crypto regulation in the country. It recommends dividing crypto activities by regulators: SEBI to regulate ICOs and securities, Central Bank - stablecoins, FIU - VASP registrations. FIU started VASP registration in the country late last year, and 28 companies were registered. Last week, the first two foreign exchanges, Binance and Kucoin, were also approved to operate in the country. approved approved Venezuela imposes a mining ban Venezuela imposes a mining ban Despite the existing economic and political issues in Venezuela, cryptocurrencies are legal in the country. Also, it has regulations for mining. Unfortunately, last week, the local Ministry of Electric Power claimed that it would disconnect existing mining farms from the grid. The government explained this initiative by citing the high load on the country's electricity networks. In addition, the decision may be related to the country's anti-corruption campaign—the government had previously confiscated 2,000 devices in the city of Maracay and 11,000 mining devices in Carabobo state. It still needs to be determined whether the ban on mining in Venezuela will be temporary or permanent. Such initiatives to ban or restrict mining due to high load on power grids are not uncommon. For example, in 2021, mining was banned in Iran for four months. The Central Asian countries of Kazakhstan, Uzbekistan and Kyrgyzstan also imposed certain restrictions on the activities of mining operators. VanEck ETH ETF application VanEck ETH ETF application Finally, I would like to remind you about the important event of the coming week—on May 23, the SEC is expected to rule on VanEck's Ethereum ETFs. Bloomberg's analyst Erik Balchunas commented last week that the SEC probably won't approve any spot Ethereum ETF. He suggests that according to the commission's current position, it evaluates Ethereum as a security. Indeed, the probability of rejection is quite high, but let's see what the regulator decides. If you are interested in getting more crypto regulation insights, you can watch the global crypto regulation rating here and get updates on my Telegram channel . here here Telegram channel Telegram channel

US Lawmakers Unite Against SEC as Crypto Regulations Tighten Globally

মার্কিন আইন প্রণেতারা SEC-এর বিরুদ্ধে একত্রিত হয়েছেন কারণ ক্রিপ্টো রেগুলেশন বিশ্বব্যাপী কঠোর হচ্ছে৷

US-Gesetzgeber verbünden sich gegen die SEC, während die Krypto-Regulierung weltweit verschärft wird

Los legisladores estadounidenses se unen contra la SEC mientras las regulaciones criptográficas se endurecen a nivel mundial

Les législateurs américains s'unissent contre la SEC alors que les réglementations cryptographiques se resserrent à l'échelle mondiale

वैश्विक स्तर पर क्रिप्टो विनियमन सख्त होने पर अमेरिकी सांसद SEC के खिलाफ एकजुट हुए

仮想通貨規制が世界的に強化される中、米国議員らがSECに対抗

암호화폐 규제가 전 세계적으로 강화됨에 따라 미국 국회의원들이 SEC에 맞서 단결했습니다.

Legisladores dos EUA se unem contra a SEC à medida que as regulamentações criptográficas se apertam globalmente

Законодатели США объединяются против SEC, поскольку правила криптовалют ужесточаются во всем мире

Kripto Düzenlemeleri Küresel Olarak Sıkılaşırken ABD Milletvekilleri SEC'e Karşı Birleşiyor

Các nhà lập pháp Hoa Kỳ đoàn kết chống lại SEC khi các quy định về tiền điện tử được thắt chặt trên toàn cầu

全球加密监管趋紧，美国立法者联合起来反对 SEC

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