Crypto
What Self-Custody Means: Keys and Seed Phrases
Self-custody places the private keys, and full responsibility for them, with the holder, whose 12- or 24-word seed phrase becomes the only recovery instrument.
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Crypto
Crypto treats digital assets as a portfolio decision rather than a separate universe. Coverage measures correlation with equities and rates, sets volatility budgets, weighs custody and counterparty exposure, and considers the argument for a zero weight. Aimed at investors deciding what percentage, if any, belongs beside existing holdings.
Digital assets sized as a portfolio position: correlation history, volatility budget, custody exposure, and the honest case for holding none of it.
Crypto
Proof of Work: How Mining Secures Crypto Networks
Proof of work secures a blockchain by forcing miners to spend real energy and hardware for the right to add blocks, making ledger rewriting expensive by…
Crypto
How Crypto Correlates With Stocks and Bonds
Bitcoin's correlation with equities rose from near zero before 2020 to multiyear highs in 2020-2022, per IMF analysis, and the number has moved between eras…
Crypto
Bitcoin ETFs vs. Direct Holding: Key Differences
Spot bitcoin funds and direct coin ownership expose the same underlying asset through different wrappers, and the wrapper changes costs, custody, taxes, and…
Crypto
What Stablecoins Are and How They Hold Value
Stablecoins are crypto tokens designed to hold a fixed value against a reference asset, and their pegs rest on reserves, redemptions, and disclosure rather than…