Here is our pick of the 3 most important Stablecoin news stories during the week. This week was very much about the ongoing balancing act between regulation and innovation. First, the major VC firm Andreesen Horowitz called for a careful “Do no harm” approach to regulation. “Everyone’s got a different idea of how crypto regulations should…
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Last year was a turning point for the entire crypto industry. One thing that stood out was the growth of Defi, a decentralized financial system that is primarily based on the Ethereum blockchain. Ethereum not only made Defi possible but NFTs that went viral and primarily live on the Ethereum blockchain. Ethereum is powering just…
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Here is our pick of the 3 most important Stablecoin news stories during the week. As this is the first edition for 2022, I thought I would focus on articles that discuss what I expect to be the big themes of this year. The first out of the gate will be the battle to regulate. How…
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With the Christmas holidays, you may have missed all the hubbub that followed Jack Dorsey’s tweet that basically said that Web3 is not the decentralized dream that everyone claims it is, and instead is a hustle pushed by venture capitalists to line their pockets. Dorsey wrote: “You don’t own Web3. The VCs and their LPs…
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We know how that is supposed to end after “then they fight you” but that is only one of 4 scenarios that could play out. First, let’s look at who is attacking El Salvador with words. A lot of people who should not care a damn about a country that represents 0.02% of global GDP,…
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In terms of price, bitcoin climbed from around $29,000 at the start of the year to a fresh all-time high of nearly $69,000 in November, and in the process, it reached a market cap of more than $1 trillion for the first time. Bitcoin began the year being the institutional favorite, with multinationals and hedge…
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Here is our pick of the 3 most important Stablecoin news stories during the week. As this will be the last edition of this weekly summary for 2021, I thought a good place to start would be with these two excellent summaries of where we are with CBDC’s. Firstly on the Retail side, where consumers hold…
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El Salvador’s moves in bitcoin align to the main job job of an economy – to put money in the pockets of the people – in 3 ways: Tourism money. Bitcorati (people who made money from Bitcoin) want to have some fun when not talking crypto innovation and El Salvador has lots of fun things…
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This year the ultra-rich got even richer. Elon Musk saw his fortune grow by $194 billion during the COVID-19 pandemic, followed by Jeff Bezos who saw his fortune increase by $85 billion. The world’s economic powers made the rich even richer, and the poor even poorer. To explain why this happened we need to look…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Last week started with several stories about what could go wrong. Firstly, if risks from DeFi are not well managed, stablecoins (in BIS’s opionion) are prone to runs and possible fire sales of the assets backing them could generate funding shocks…
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