Monochrome announces the Group’s continued partnership with Wall Racing for the 2023 Porsche Carrera Cup Australia season.

In an Australian first, Monochrome Asset Management has announced today the launch of the Monochrome Bitcoin Trust (IBTC), a regulator-approved crypto-asset retail fund, providing investors with legal rights to their specific bitcoin holdings in the fund.

Topics covered in our February to March edition includes cryptocurrency hedge fund Galois Capital shuts down after losing millions to FTX, Securities and Exchange Commission (SEC) updates and EU crypto-asset regulation updates.

Since Bitcoin’s inception in 2008, the interest in Bitcoin and other digital currencies has grown significantly. Between 2010 which saw the very first exchange created which made it simpler to trade bitcoin, to the now arguably saturated marketplace for cryptocurrency exchanges, inadequate governance at cryptocurrency exchanges and other centralised crypto institutions has manifested in poor consumer outcomes.

Oftentimes within the Environmental-Social-Governance (ESG) framework, Governance can take a back seat to the Environmental and Social elements because they are seen as having farther reaching or more relevant impacts. On the other hand, some of the biggest disasters in human history, such as the Chernobyl Nuclear Accident, can be purely attributed to failures in governance. In general terms, governance refers to the process of how decisions are made and implemented.

Conceived in the wake of the 2008 global financial crisis, Bitcoin was created as an alternative to central bank-issued currencies. Years later, and the case for Bitcoin as a monetary rival has been furthered by concerns of high inflation in many smaller or less developed countries, which is devaluing citizens’ savings as the price of staple goods rise.