Here is our pick of the 3 most important stablecoin stories during the week. What a year 2022 has been! As this is my last post for the year, I have picked stories that seem to sum up what has been a wild 2022. Firstly, in stablecoins we had a number, in particular Algo stablecoins lose…
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Alex Cartoon London Daily Telegraph 5th. December 2022 A picture tells a thousand words. The popular Alex cartoon which shines a light on banking practices and attitudes, this morning featured medium ranking investment banking executive Clive trying to influence his boss on the subject of his bonus. He constructs a list of deals that he…
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Here is our pick of the 3 most important stablecoin stories during the week. CBDC’s are coming but what type? This week we saw more announcements on CBDC’s research and experiments, but it is unclear if we will get a Retail (direct account with the Central Bank) or Wholesale (direct account with a Bank and regulated…
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Here is our pick of the 3 most important stablecoin stories during the week. CBDC’s are still marching, but is it Tokenization that is playing the tune. This week we saw a number of announcements on further progress being achieved with the many CBDC experiments taking place around the world. While Crypto burns in the dumpster…
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Credit Rating need reform: FCA I needed to think carefully to get my head around this one. Apparently the FCA think that the retail credit agencies in the UK have significant variances between the information they hold on borrowers. This would not be particularly important except that the major banks rely on the credit agencies…
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Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins or CBDC, do we need both? This week we heard a lot about the progress of CBDC’s but also people are starting to realise that they will have to compete with their nimble cousins the private company issued stablecoins. But first,…
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The downside to a crypto collapse – The Spectator 19th November 2022 Right of Centre publication The Spectator magazine makes an interesting point in the aftermath of the collapse of FTX. The author is a traditional and well-respected Banker who has no truck whatsoever with Crypto currencies however the point he makes is quite valid.…
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Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins are the Canary in the Crypto coal mine! This week we continue to see the shakeout from the FTX implosion and stablecoins point to it continuing for some time yet. Binance, Crypto.com and OKX suspended deposits in Circle’s (USDC) and Tether’s…
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Is this finally the end of the crypto saga? I can’t say that you read it here first, but I have been consistent within this column in refusing to believe in the crypto currency story. FTX might not actually be the archetypal financial con but a con it most certainly was whether by accident or…
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Here is our pick of the 3 most important stablecoin stories during the week. As FTX blows up stablecoins hang in there. This week while FTX burned down to the ground, thankfully stablecoins managed to stay for the most part stable. With volumes of trades at unprecedented levels as customers rushed to the exists, USDT transactional…
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