Disruptive innovation such as Bitcoin is usually bottom up, with initial traction from people who are not concerned with legality. However for Bitcoin to become mainstream it does require some top down legislation; most people are concerned with legality. El Salvador and other jurisdictions making Bitcoin legal tender are giving the people some legal certainty.…
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It looks like Christine Lagarde, the President of the European Central Bank, has lost her sleep and is having nightmares over crypto. On a recent episode of the Dutch television show “College Tour,” when speaking about cryptocurrencies Lagarde said that “my very humble assessment is that it’s worth nothing”, and continued “it’s based on nothing,…
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HSBC suspends banker over Nutjob climate change comments Stuart Kirk certainly made some injudicious comments about climate change but why suspend him when what he said was common sense. I am not a climate change zealot but that does not mean that I don’t believe in climate change. I just have faith that technology will…
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Accountancy Europe on assurance of EU ESG disclosures Accountancy Europe has released an interesting discussion paper on sustainability assurance under the proposed Corporate Sustainability Reporting Directive (CSRD). The CSRD introduces an EU-wide requirement for limited assurance on sustainability information, with the end goal to move to reasonable assurance in the longer term. Assurance is one…
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Here is our pick of the 3 most important Stablecoin news stories during the week. Here come the Regulators! After the failure in recent weeks of an Algo stablecoin (Terra) the Regulators have now got some red meat to stick their teeth into and propose sweeping regulations of the entire industry and this week they pounced. …
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Quick recap; the Salvadoran Colon currency failed due to inflation, then they switched to the US Dollar and then they added Bitcoin as legal tender in 2021. El Salvador’s new Bitcoin law requires every trader who is technically able to do so to accept the cryptocurrency. People are also able to pay their taxes in…
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Coinbase’s first-quarter earnings report showed a $430 million loss in revenue and a 19% drop in users, going from 11.4 million to 9.2 million MTUs – monthly transacting users. It also showed that in 2021 subscription and services revenue grew by 10x over 2020, generating $500 million ($200 million in Q4) representing 7% of the…
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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. This will be the last This Week in Fintech post. I am doing this so that I can devote more of my time to growing Daily Fintech as a business – watch this space for a number of new…
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Are we headed for another Eurozone bond melt down ? Don’t say it too loudly but history looks like it is repeating itself. Yields on Italian bonds are climbing and the differential between Italian and German sovereign debt are widening. Heard it all before? Of course you have because the root causes have never been…
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