As regulators close in, BlockFi continues its plans to go public after a potential $500 million Series E funding round, according to Coindesk’s sources. The cryptocurrency lending platform is currently aiming to go public at some point over the next 18 months, according to the documentation provided to investors on Wednesday 22nd. However, details are [...] The post BlockFi is Planning To Go...
As China’s Digital Currency development continues to progress, US lawmakers are asking athletes and the Olympic committee to prevent the use of Digital Yuan during the 2022 games. The 3 United States Senators signed a letter urging the committee to ban American athletes from making use of China’s new Central Bank Digital Currency (CBDC) during [...] The post United States Lawmakers Express Concerns...
The creation of synthetic assets in the decentralized finance (DeFi) ecosystem has given birth to the creation of synthetic versions of Tesla, Amazon, Apple, and other big stocks, creating doubt on the future of stocks. These synthetic stocks have been seen in projects like Mirror Protocol and Synthetix over the past years, where they mimic [...] The post Synthetic DeFi Tesla & Apple...
ProShares, the massive ETF company, has opted to offer exposure to cryptos and blockchain via blockchain companies, at least according to a recent filing with the Securities and Exchange Commission (SEC). Unlike a pure crypto ETF that would give investors direct exposure to the price of major tokens, the new ProShares ETS would invest in [...] The post ProShares Looks to Launch Blockchain...
A survey of 100 hedge fund Chief Financial Officers (CFOs) forecasts that hedge funds all around the world will be holding 7.2% of their assets in crypto within 5 years. The results reflect an increasing vote of confidence in cryptocurrencies despite the increasing regulatory pressure and volatility the industry has experienced over the past months. [...] The post Survey: Crypto Will Represent 7%...
Each of the included companies must hold “$100 million of liquid crypto assets on their balance sheet.”
Crypto's Gender Disparity: What Can Be Done About It? 4 Women Weigh In Crypto sits at the intersection of two male-dominated industries: tech and finance. I was asked to moderate a panel for the Amber Group with four leading women in crypto to discuss the role of gender in the crypto industry and what can be done to bring more women into the...
While China is usually referred to as the most advanced country in the world when it comes to the development of its Central Bank Digital Currency (CBDC), a new report by PricewaterhouseCoopers (PwC) suggests this isn't the case. PwC has published the first edition of its “PwC Global CBDC Index 2021”, in which it analyses [...] The post PWC Report: China Not Ranked...
Greg Foss takes a deep look at the conditions surrounding the global credit market in this executive summary.It is often said that equities are about emotion, whereas bonds are about reason. Equity investors tend to ask, “How much can I make?” whereas bond investors tend to ask, ”How much can I lose?” Are these types of investors optimists vs. pessimists? No, but...
PLUS: Goldman Sachs to offer clients bitcoin! With Bitcoin hovering just below $60k and Ethereum sitting just under $2k, it looks like April could be another bullish month in the crypto industry. In lieu of a typical introduction summarizing the week’s news, I am going to embed a tweet from the @Unchained_pod, the new Twitter handle for all Unchained content. Click the link...
The United States Federal Reserve Chairman, Jerome Powell, referred to Central Bank Digital Currencies (CBD) by stating they would not replace cash but complement it. The remarks took place at a conference hosted by the Committee on Payments and Market Infrastructures taking in Basel, Switzerland. During the conference, Powell said, “Relevant to today’s topic, one [...] The post CBDCs Need to Coexist With...
Citigroup, one of the big four financial institutions in the United States, has recently published a report titled “Bitcoin: At The Tipping Point” in which the organization claims that cryptocurrencies are ready to become mainstream. The report was officially published on March 1st at a time when companies like Tesla, Paypal, Twitter, and Mastercard have [...] The post Bullish: Citi Claims Bitcoin is...
The St. Louis Federal Reserve published an article on the risks and opportunities in DeFi. If the technology can overcome...
Banque de France (the French central bank) has announced the successful testing of its central bank digital currency (CBDC) in collaboration with multiple financial and tech groups. The experiment was considered to be successful on December 17th of 2020 but wasn’t announced until January 19th of this year via a press release. It was completed [...] The post Banque de France Successfully Completes...
Ecuadoran presidential candidate Giovanny Andrade shared his plans to create a national cryptocurrency for the Latin American country based on the gold standard. Giovanny Andrade is the president of the Ecuadorian-Chilean Chamber of Mining and has been a supporter of the dollarization of the Ecuadorian economy started in the year 2000 under the presidency of [...] The post Ecuadoran Presidential Candidate Wants to...
2020 has been a year unlike any other in terms of dramatic life change. Throughout history, any phases of challenge or uncertainty led to a mass disruption of the traditional systems in place and ushered in a new societal revolution. There was an industrial revolution, a technological revolution, and what is next is a decentralized, all-digital future. The basis of a brighter, more...
U.S. card payments giant Visa is among the most influential and far-reaching companies in the world. Circle's USDC is among the most popular stablecoin projects in Ethereum's booming decentralized finance ecosystem. Take note, then, because the two entities are partnering up to bring USDC payments into Visa's sprawling network of +60 million merchants. Announced Wednesday, [...] The post Visa Embraces USDC as U.S....
Bitcoin could simply become a global asset. This is according to Larry Fink, the head of the world’s largest asset manager BlackRock. During a conversation with the former […]
The dollar's drop comes on the heels of a global market surge that took place throughout the month of November.
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