Generative Data Intelligence

Tag: Banks

Bitcoin Sells for $65,882 in South Korea as Kimchi Premium Resurfaces

South Korea’s kimchi premium is back big time. Bitcoin is trading for $65,882 in South Korea—an 18.6% difference than on the global markets.

More IRS summonses for crypto exchange account holders

The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited.

My Short Take On The Legal Structure Behind a ‘Retail’ CBDC

Understanding The Differences Between Indirect, Direct and Hybrid CBDCs

Who Cares How Many Children Traders Have? China Does!

Brokers who exited China and did not create wholly-owned subsidiaries of their own now look vindicated.

A nightmare on Stable Street: Centralized stablecoins may be doomed

Central banks are paying very close attention to stablecoins, seeking to control them — and decentralization may be the solution.

Gauntlet Partners with Acala to provide Financial Risk Management

Gauntlet Partners with Acala to provide Financial Risk Management
Risk management simulation platform Gauntlet partnered with Acala, an all-in-one DeFi hub.  The partnership means that Gauntlet, which works to build financial models of blockchain protocols and applications, will help Acala optimize solvency and capital efficiency for DeFi on Polkadot.  This is because Acala is the DeFi hub of Polkadot, a “multi-chain network” that aims […]

3 Reasons Bitcoin Is More Attractive than Visa and MasterCard Combined

Bitcoin has now reached a market cap (MC) of over $1.13 trillion whereas Visa combined with MasterCard have a market cap of about $864 billion. This is a clear indication that the world's original cryptocurrency is more attractive than the two giant financial services added together.

The perils of suing crypto exchanges after ransomware attacks

As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition.

Stablecoins are in the limelight, but this Yale Economist remains skeptical about their stability

Stablecoins are in the limelight, but this Yale Economist remains skeptical about their stability
Stablecoins are taking the center stage in crypto-related discussion especially as adoption increases meteorically. Sean Stein, a professor, and entrepreneur recently noted in a Forbes article, that “more (allegedly) mundane versions of cryptocurrency – stablecoins – look increasingly like the method by which crypto will achieve mainstream adoption and utilization.” But this viewpoint has done […]

Bitcoin on balance sheet attracts negative attention from anti-crypto banks

Having over 90,000 BTC on the balance sheet could see a company’s stock blacklisted by banks that remain crypto detractors.

ECB: Half of Europeans Think Blockchain Solves Counterfeit Digital Euros

The European Central Bank quizzed the public about its digital euro. Half of the respondents think blockchain could deal with counterfeits and resolve technical glitches.

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