The financial media took a more basic view this week, covering some of the basic questions on digital assets and payments after nearly six months of major interest and investment. The end of privacy? The Financial Times reports on the plans of central banks to launch digital coins. The article emphasizes their reluctance to give up monetary control while giving them the … [Read more...] about Five Basic Digital Asset Questions this Week
Blockchain
Is DeFi the Next Big Thing for Crypto? Not Quite Yet
DeFi - short for Decentralized Finance - has started to become a real buzzword in recent months, with investments in the space growing by leaps and bounds. It's doing so despite being notoriously complex and risky to actually work with - requiring users to understand complex technologies like MetaMask while doing borrow-lending in a space that features absolutely no FDIC … [Read more...] about Is DeFi the Next Big Thing for Crypto? Not Quite Yet
Traditional Finance Moves Closer to Cryptofinance
As U.S. and international financial regulators debate how to regulate cryptocurrencies, financial institutions make business moves toward crypto legitimation. State Street, the Boston-based custodian bank and second oldest in the U.S., announced the formation of a new digital asset unit, with a bitcoin notice on its home page. "We are striving to totally re-imagine and … [Read more...] about Traditional Finance Moves Closer to Cryptofinance
Navigating a Path to Digital Assets
It’s been a theme throughout the year: digital assets like Bitcoin are breaking into mainstream financial services. The expectation is that technology can bring its services to the consumer on a pre-dawn Sunday when they want to make an impulse buy – and that’s exactly what digital assets enable. They let financial institutions put a disposable asset in the hands of a … [Read more...] about Navigating a Path to Digital Assets
Banks Increasingly Need Crypto Literacy
As bitcoin prices have exploded upward throughout the beginning of this year, many traditional financial institutions have been forced to one conclusion: cryptocurrency is here to stay. Even if your institution doesn’t plan to deal directly in the space, the need to be knowledgeable about it is becoming an increasing imperative. But it’s a complicated subject – a crowded … [Read more...] about Banks Increasingly Need Crypto Literacy
Crypto’s Regulatory Imperative
For many FinTechs, particularly those operating in cutting-edge spaces like blockchain and cryptocurrency, regulation has often been seen as a dirty word; something that can only shackle innovation. But lack of regulation in the blockchain and crypto space has often served as a greater restriction than most actual laws can be, creating an air of uncertainty for companies … [Read more...] about Crypto’s Regulatory Imperative