As Christmas and the New Year approaches, pour yourself a glass of Bailey’s (or perhaps something more expensive if you’re one of this year’s crypto winners) and look back at some of the winners and losers of 2021.
Brazilians were the biggest supporters of crypto-recognition, with 56% supporting El Salvador’s move, and 48% saying they want Brazil to follow suit and adopt Bitcoin. Only 4% of Brazilians said that there is no future for crypto currencies in their country.
Over-collateralisation can be problematic for the borrower and, by tying up more capital in an unproductive way, it’s certainly less efficient. Thus, the growing usage of uncollateralised loans, mostly through the Ethereum protocol.
In a panel discussion titled "Web 3.0 in Corporate Banking," Umar Farooq, CEO of Onyx by JPMorgan, shared his insights on how one of the preeminent corporate and investment banks approaches digital transformation, the more widespread use of blockchain technology, and the question of regulation.
Liti Capital’s case against Binance will be a landmark for the industry. Many believe that sound regulation is required to ensure that exchanges like Binance are overseen in a sensible way, and that their clients are properly protected.
“We should not have any more than the barest minimum of regulation, but the trillion dollar or $100 billion companies that take our money for profit have a responsibility to their consumers. There has to be rules. There has to be regulations. There has to be some way where, if something goes wrong, you can hold someone accountable."
Usually, we would expect increased inflation to drive up the price of gold. Gold is, after all, traditionally considered to be a hedge against inflation.
When a simple job ad appears to spark resurgence in the value of Bitcoin, it shows how the crypto world is salivating for every nugget of news about the future use case for digital currencies.
Although Amazon has scores of openings for blockchain specialists, it was the listing for a digital currency and blockchain product lead that has led to heightened speculation that crypto currency payments could be integrated on its platforms.
We continue to see significant interest in a range of digital assets from both retail and institutional customers, with Ethereum continuing to grow in popularity and cementing its position as the second largest cryptocurrency by market capitalisation.
