CBDC development: rolling out digital yuan and pending on the Euro front?

Less than two years ago all the street’s talk was China imposing restrictions on crypto operations and banning mining activities. Today the country is the first in the world to actually test, even in sandbox mode, the digital national currency. European financial community, on the contrary, was mostly liberal towards Bitcoin legitimization but is facing…

Institutional investors sit on trillions as QE infects economies. Why do they want bitcoin?

The tide has turned. Analysts at investment banks now put Bitcoin not only on a par with every other asset class but actually suggest that cryptoassets have superseded gold, equities and treasuries. The most recent of these is JP Morgan. America’s richest bank and the world’s fourth-wealthiest — China takes the top three spots —…

Is The DeFi Bubble About To Burst?

In its short history DeFi – decentralised finance – has created billions of dollars of wealth, writes Maxim Bederov, serial entrepreneur, venture capitalist and blockchain technology expert. This niche portion of cryptocurrency seeks to take traditional financial products like lending and payments, and plug them into a crypto-denominated system. It used smart contracts to auto-execute…

How the cryptocurrency industry is coming out from under neobanking’s shadow

Whether you know it or not, the worlds of cryptocurrency and digital banking are moving closer and closer together. And at long last, the crypto industry is coming out from under the once-large shadow of neobanking, otherwise known as challenger banks. If you haven’t yet heard of Chime, Current, Monzo, Revolut, Starling or Varo, I…

July ruling now allows all nationally chartered banks in U.S. to provide crypto custody services

July 22, 2020 was a significant day for banks in the United States. On that day, the Office of the Comptroller of the Currency (OCC) noted in a letter that any national bank chartered in the United States can provide custody services for cryptocurrencies – finally clearing the way for banks to hold client’s digital…

Fewer Players, More Power: The Next 5 Years in Crypto Consolidation with Binance, CoinMarketCap and Beyond

As Binance and CoinMarketCap make significant moves aimed at growth, industry experts to see more power held among fewer players in the crypto world over the next five years. Binance, the largest crypto exchange by volume in the world, is already three times larger than its nearest competitor, BitMex. It boasts nearly 22 percent of…