A fiat-to-payments-and-back app is needed for cryptocurrency to fulfill its original backers' vision and provide real-world utility.
Blockchain progress through the lens of Binance’s $180MM profit and Greensill’s $1.5B SoftBank raise
Look at the difference between (1) building out the crypto asset class, and (2) operating infrastruture for a blockchain-based digital economy. There are so many little logic pot holes into which you could fall! There are so many things one could believe that make the whole thing make no sense at all! I am anchoring around two primary data points -- a Multicoin report about Binance's financial progress and its massive (though unaudited) $180 million profit in Q3 of 2019, and a post by supply chain company Centrifuge about marrying cashflow financing with the decentralized web.
In the wake of the eth merge, speculation of skyrocketing value has been forgotten, and a divide in the community gaped open.
Prime Trust, a Las Vegas Based Crypto and fintech API company, announced a $100 million Series B to build crypto onramps and provide custody.
Institutional interest in adopting Web3 technology is (very) slowly but surely picking up. Quick on the uptake, NayaOne could help streamline.
This week, I pause to reflect on the sales of (1) AdvisorEngine to Franklin Templeton and (2) the technology of Motif Investing to Schwab. Is all enterprise wealth tech destined to be acquired by financial incumbents? Has the roboadvisor innovation vector run dry? Not at all, I think. If anything, we are just getting started. Decentralized finance innovators like Zapper, Balancer, TokenSets, and PieDAO are re-imagining what wealth management looks like on Ethereum infrastructure. Their speed of iteration and deployment is both faster and cheaper, and I am more excited for the future of digital investing than ever before.
Wall Street backed EDX Markets launched two weeks ago making a critical shift in TradFi's approach to crypto. Will this change DeFi?
For incumbents, changing existing financial infrastructure systems is like taking the engine out of the plane in mid-air.
Along the companies trying to soften the crisis impact on their business was Mexico's Bitso, one of the largest crypto exchanges in LatAm.
LTG Bank is the latest traditional institution making the step towards crypto integration. Partnering with SEBA Bank, their roll-out is symptomatic of increasing global demand for crypto assets.