A cryptocurrency minute often feels like a lot less than that. Before you can say “rug pull” the floor beneath a new development in the cryptocurrency space may already have come out from under you. Last summer it was decentralized finance, which continues to brew, this spring it looks like it’s NFTs or non-fungible […]
Bitcoin and Ether rebound on news that Visa will be facilitating settlement using USDC – regulated dollar-backed stablecoin Merchants still demonstrate reluctance to accept cryptocurrencies and stablecoins are an important halfway house towards wider adoption For those unfamiliar with the world of cryptocurrencies, stablecoins are a key variable in both buying and selling digital assets […]
Lack of dollar liquidity to finance cryptocurrency buying is leading to a lending premium Counterparty risks remain for certain types of trades, especially where the counterparty is not a traditional lender, justifying the risk premiums For the uninitiated, the head-spinning yields from cryptocurrency lending and liquidity provision on decentralized finance or DeFi […]
Retail flows fall off as investors cool on cryptocurrencies like Bitcoin Institutional interest should help to pick up some of the slack and hopefully act as a more measured force, reducing volatility in Bitcoin Bitcoin’s relentless rally started to stutter this week as the benchmark cryptocurrency fell to as low as US$50,000 before recovering […]
Fidelity Investments files for a Bitcoin ETF on Wednesday New products at Goldman Sachs (-0.94%) which have mandate for exposure to cryptocurrencies re-confirms growing institutional demand Bullishness over the prospect of a U.S. Bitcoin ETF wasn’t able to buoy Bitcoin prices overnight as risk sentiment soured on improving demand for U.S. Treasuries. Even as the U.S. economy […]
Surge in interest in digital art and non-fungible tokens is promoting the rise of fractionalization of holding NFTs Digital creations built atop the blockchain lend themselves well to fractionalization more so than physical creations like oil paintings Can’t afford a US$69.3 million Beeple? How about owning a fraction of one? With non-fungible token […]
Financial industry executives are growing nervous that the Fed may issue its own digital dollar and potentially upend their role as a rent-seeking trusted intermediary Rise of cryptocurrencies has put tremendous potential on central banks the world over to get on board with digital currencies China has one and as many as 80% of central […]
Non-fungible tokens or tokens that are uniquely identified, present an opportunity for artists and creators to gain a more equitable share of revenue from their creations Recent sale of digital art by Beeple for US$69.3 million is drawing in more creators to NFTs How much for a GIF? The NFT or non-fungible token market has […]
U.S. Federal Reserve Chairman Jerome Powell’s comments about central bank digital currencies or CBDCs the closest the Fed has ever come to considering the issuance of its own digital dollar A Fed-issued digital dollar likely to have limited impact on cryptocurrencies as the pre-existing alternatives still have their use In the clearest sign yet that […]
While many Bitcoin maximalists are touting the inflation hedging properties of Bitcoin, the empirical evidence is too patchy to demonstrate any clear property for the nascent asset class to do so Recent spike in U.S. Treasury yields followed by a sharp selldown in Bitcoin suggests that at its core, Bitcoin remains highly speculative Ask any […]