Jack is the CEO of digital asset infrastructure company PolySign. PolySign is the parent company of Standard Custody, a qualified custodian for digital assets licensed by the state of New York. Prior to joining PolySign, Jack McDonald was CEO of Conifer Financial Services for a decade, where he grew AUA from $5B to $125B, culminating in a successful exit in 2016. Before Conifer, Jack was the Managing Director and Head of West Coast Equities at UBS. Jack was named one of the ‘20 Rising Stars of Hedge Funds’ by Institutional Investor Magazine and inducted into Global Custodian's 'Legends of The Industry’.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jack McDonald of PolySign discusses the latest price moves. Plus, Nic Carter of Castle Island Ventures reacts to Luna's liquidation of its bitcoin reserves.
The cryptocurrency has been trading at a premium against the Ukrainian hryvnia on a number of exchanges, a sign of high demand.
Jack McDonald, CEO of Standard Custody, said there's probably some correlation between the executive order and the situation in Ukraine.
There’s more correlation than some people might like between the crypto sector and the more traditional markets. - Reuters
Ethereum will always have a prominent place in terms of market cap thanks to its first-mover advantage and significant network effects. Ethereum needs to get its transition to a proof-of-stake consensus mechanism right and do it smoothly and in a timely manner, as that will fix their gas fee issue. - Cointelegraph
On the technical side, exchanges have improved their infrastructure over the past several years and would be able to implement these sanctions if required. It’s going to prove to be hard for Russia to evade sanctions using bitcoin. - The Wall Street Journal