This period of expansion was topped by the launch of the first bitcoin exchange-traded fund (ETF) in October 2021, providing investors with exposure to bitcoin without having to buy it on a crypto exchange.Īt the same time, the traditional financial sector was becoming increasingly accepting of cryptocurrencies as a legitimate asset class.
Futures and options – financial contracts to buy or sell an asset or security at a specific price or date – are a common hedging tool used in other markets such as oil or the stock market.In December 2017, the first bitcoin futures on a regulated exchange were listed by the Chicago Board Options Exchange.īitcoin options followed on the Chicago Mercantile Exchange in January 2020. This happened as more retail investors were drawn to cryptocurrencies as a supposed hedge or safe-haven versus other asset classes.Īnd as the market grew, so too did the range of investment opportunities. While trading was thin initially, price appreciation drove its value to nearly $20,000 in late 2017. When bitcoin was first introduced in early 2009, it was a new type of asset. Is this just another crash in the volatile cryptocurrency market, or is this the beginning of the end for this alternative asset class? The privately held media company is owned by Joe Mansueto, the billionaire founder of Morningstar, with an estimated personal wealth of $3.2 billion, according to Forbes.Ī spokesman for Mansueto Ventures said the company had no comment on the unionization drive at Fast Company.In the months since, however, most major cryptocurrencies have fallen by more than 70% and bitcoin itself has dropped below $18,000. Wednesday was her last day at Fast Company, but she said she had given notice several weeks earlier. “I’m heading to the New School as an assistant professor in the journalism and app design program,” she emailed. On Wednesday, Anjali Khosla, editor of Fast Company Digital, became the latest high-ranking editorial person to exit. The company in February named Stephanie Mehta, a former deputy editor of Vanity Fair, to fill the top editorial post that had been vacated by longtime editor Robert Safian several months earlier. The union said that Fast Company editorial staffers are “seeking respectable salary floors for all positions, reasonable cost-of-living adjustments, a clear, consistent system for performance reviews and raises, a strong commitment to diversity in hiring and end to any gender wage gaps that may exist across platforms.” magazine, which was not part of the unionization drive. The publication’s editorial, social and photo staff were involved in the drive. The editorial staff at Fast Company said it wants to unionize with the Writers Guild of America East after an “overwhelming majority” of its 40-member staff signed union cards and called on management at Mansueto Ventures to voluntarily recognize the union. Luxury magazine publisher arrested for allegedly grabbing teen relative's buttocks after Cipriani mealĬREEM, America's legendary rock magazine, relaunches after 33 yearsįorbes scraps plan to go public via SPAC merger
'No merit': Publisher denies groping teen relative, says estranged wife behind claim