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. […]
The boom of fintechs and the rapid turn towards digitalization in Latin America has driven a strong growth of the digital payment ecosystem in the region. And with it, QR code payments have established themselves as one of the most essential services for both consumers and businesses on the continent. In Brazil, for example, data […]
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 […]
Last week, the Wall Street Journal reported crypto exchange Genesis is seeking a cool $1B handout after shutting down redemptions and new originations. On Monday, Bloomberg reported that the firm still needed the investment or it would face bankruptcy. The latest in the levered crypto avalanche, Genesis Global Capital, an institutional lender, had $2.8 billion […]
With the victory of Luiz Inacio (Lula) da Silva in the presidential elections in Brazil, the South American country has entered a new period of transition between two profoundly different ways of making economic policy — which has left the market divided between skeptics and optimists navigating the uncertainty of what the future holds for […]
This year, interest in metaverses crashed. While 2021 saw record sales of land and NFTs in the new virtual worlds, 2022 saw dwindling transaction rates, a shadow of their former selves. Battered by Zuckerberg’s repeated attempts at making Meta’s online world a pioneering virtual reality success story, reports have shown dismal adoption rates, and the […]
Thanks again for tuning into this week’s episode of PitchIt. I recently sat down with Perry Rahbar, Founder & CEO of dv01. Perry Rahbar of dv01 dv01 is a leading data intelligence platform with integrated loan-level consumer credit data and analytics that drives transparency in lending markets. Perry talks about his time in banking and some of […]
When it comes to the velocity of money in banking in many we are back in the days of the horse and buggy. Whereas communication between banks can move around the world instantly when it comes to transactions most of the banking world is on a two-day settlement window known as T+2. This 48-hour delay […]
On November 18, 2022, the Chancellor of the Exchequer, Jeremy Hunt, presented the long-awaited Autumn Statement. Cloaked in controversy following the disastrous mini-budget in September, some had nicknamed the Autumn Statement, the “memorial service for Trussonomics”. Suffice it to say the expectations of the public were low and businesses were nervous. While much of the […]
Before the issues with FTX (remember that time?) crypto had another factor to contend with. Proof of Work has been making headlines with reports about its staggering energy consumption. Blockchains like Ethereum have made the switch to Proof of Stake and regulatory bodies hinted at a future ban on the consensus system. While the ability […]