Digital Archives

How Blockchain-Based Digital Wallets Transform Finance and More

October 11, 2023

Today, individuals, many small and medium enterprises as well as institutions operate across a fragmented set of financial accounts that each require separate types of paper-based documentation (often stored in electronic form). For individuals, this includes checking and savings accounts that deal with the entity’s cash; brokerage and investment accounts that deal with retirement, education, healthcare and more; liability accounts that deal with mortgages, loans, lines of credit or credit cards; and a significant number of accounts that relate to the individual’s assets, valuables and collectibles including special documents such…

Bitcoin (BTC) Is Fundamentally Different From Other Cryptocurrencies: Fidelity Digital Assets

October 11, 2023 boss

Traditional investors tend to use a technology investing framework when analyzing bitcoin, which leads them to the wrong conclusion that the cryptocurrency “as a first-mover technology, will easily be supplanted by a superior one or have lower returns,” analysts Chris Kuiper and Jack Neureuter wrote. Original

Former Italian Central Banker Piero Cipollone Defends Digital Euro as He Seeks to Replace CBDC Supremo Fabio Panetta

October 10, 2023

The ECB lawmakers favored Cipollone’s candidacy to steer forward the agenda of a digital Euro to reinforce the public money infrastructure amid the mainstream adoption of digital assets. The European Union is preparing to roll out its Central Bank Digital Currency (CBDC) in a few years to keep its economic outlook competitive amid changing puzzles of geopolitics. Blockchain technology has been identified as a key to a successful digital Euro to enable retail CBDCs along the way. In the latest move, former Italian central banker, Piero Cipollone, largely convinced the…

CoinDesk Digital Asset Recap Q3 2023: Bitcoin and Ether Outperform

October 9, 2023

Looking within sector quarterly performance with the CoinDesk DACS framework, the trends and preferences towards larger capitalization tokens are less clear. Over Q3 of 2023, Computing (CPU, +3%) and DeFi sectors (DCF, -8%) were relative out-performers, while Smart Contract Platform (SMT, -13%), which contains Ether, and Culture and Entertainment (CNE, -22%) were relative under-performers. See the chart below for a full sector performance breakdown for Q3 of 2023. Source

Bitcoin Is Better than Digital Gold and Huge Cash Inflow to Crypto Assets Is on Horizon

October 9, 2023

The firm believes the approval of a spot Bitcoin ETF in the United States will trigger an influx of over $30 billion in subsequent months. The mainstream adoption of Bitcoin (BTC) by institutional investors has put the gold market on notice with a possible decoupling in the coming few years. According to a report by Matrixport, Bitcoin is about to challenge gold as a store of value due to the simple fact that the former has outperformed the latter in the past years. Additionally, the demand for Bitcoin has significantly…

Italy’s Cipollone Defends Digital Euro as He Seeks Fabio Panetta’s Role at the European Central Bank (ECB)

October 9, 2023

A digital euro would “reinforce the ability to pay with public money throughout Europe with a technology and infrastructure that is based in Europe,” he told members of the European Parliament’s Economic and Monetary Affairs Committee, promising offline functionality, accessibility and “excellent solutions” to protect privacy. Source

Bitcoin Is Better Than Digital Gold: Matrixport

October 9, 2023 boss

“Even today, storing assets in the form of gold has not only become unfashionable in the digital age, but comes with significant restrictions when crossing borders,” wrote Markus Thielen, head of research at Matrixport, adding that “bitcoin offers a solution to this dilemma, enabling the swift and relatively inconspicuous movement of value across borders.” Original

CFTC weighs enforcement action against former Voyager Digital CEO: Report

October 6, 2023

Officials at the United States Commodity Futures Trading Commission (CFTC) were reportedly considering an enforcement action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. According to an Oct. 6 Bloomberg report, CFTC staff were considering taking action against Ehrlich following an investigation concluding the former CEO violated U.S. derivatives regulations prior to Voyager’s bankruptcy filing. The firm filed for Chapter 11 protection in July 2022 amid the crypto market downturn. Ehrlich was reportedly “angered and perplexed” by the claims: “These allegations appear to be one of…

Worldwide Digital Asset-Based ETP AUM Remains 53% Ahead YTD Despite Quarterly Drop – Blockchain News, Opinion, TV and Jobs

October 6, 2023

Fineqia International, a leading digital asset and fintech investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral, revealed a 53% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid continued interest by investors. On a quarterly basis, the total AUM dropped 13% in Q3, after growing 67% and 5% in Q1 and Q2 respectively. Year-to-date, total AUM shows a premium growth of 18% compared to the underlying value of digital assets, which grew slower at 45%. In…

‘Ethereum embodies bourgeois digital tyranny’

October 4, 2023

Solana co-founder Anatoly Yakovenko called the Ethereum blockchain a “digital carnival” with a bourgeois upheaval. Yakovenko believes that Ethereum (ETH) is not a system that will ensure true decentralization. In a response to an X user, he wrote: “In the grand theatre of economic transformation, Ethereum presents itself not as a harbinger of genuine revolution, but merely as a novel spectacle of bourgeois upheaval. As the petite bourgeoisie revel in this digital carnival, the visage of oppression subtly transforms, yet its essence remains inviolate, forever pressing upon the countenance of the…