Category: Opinion

Crypto and Fintech Share Goals: They Should Talk

October 29, 2020

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Oct 29, 2020 at 15:53 UTC (Christina @ wocintechchat.com/Unsplash) Everyone agrees: Financial infrastructure is broken. We need a way to make cash flows deterministic. We should be able to set rules around trades and transfers. We should be able to do this without bloated back offices performing manual reconciliations and without requiring developers to integrate […]

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All-In on DeFi: Why the Days of Centralized Exchanges Are Numbered

October 29, 2020

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Oct 29, 2020 at 14:05 UTCUpdated Oct 29, 2020 at 14:33 UTC Binance CEO Changpeng Zhao (CoinDesk archives) All-In on DeFi: Why the Days of Centralized Exchanges Are Numbered DeFi, or decentralized finance, finally found its footing this year, with numerous DeFi tokens and protocols gaining widespread traction amongst crypto users. Powered by smart contract […]

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How a Decentralized Internet Can Power Latin America’s Economy

October 27, 2020

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Oct 27, 2020 at 15:55 UTC Buenos Aires(Sasha • Stories/Unsplash) How a Decentralized Internet Can Power Latin America’s Economy It’s no secret Latin America’s economy is not in great shape compared to other regions. There isn’t any single reason for this. You could point to a dependence on commodity exports and its booms and bust […]

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The Big Choices When Designing Central Bank Digital Currencies

October 26, 2020

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Oct 26, 2020 at 15:55 UTC The Bank Of England, London (Peter Summers/Getty Images) The Big Choices When Designing Central Bank Digital Currencies The increased interest in central bank digital currency (CBDC) has led to a surge in ideas and research about the topic, so much so that it’s all but impossible to keep up […]

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DeFi Still Needs a Silk Road Moment

October 25, 2020

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Oct 25, 2020 at 15:58 UTC Mainstream criminal adoption would prove that decentralized finance (DeFi) is building tools with real utility, because if there’s any one group that is both underserved in its access to sophisticated financial products and willing to pay huge premiums to acquire them, it’s criminals.  The Silk Road was launched in […]

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What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

October 23, 2020

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Oct 23, 2020 at 17:42 UTCUpdated Oct 23, 2020 at 18:08 UTC (Tingey Injury Law Firm/Unsplash, modified by CoinDesk) What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators When I first suggested Systemically Important Social Media Institutions (SISMIs) were the social media parallel to Systemically Important Financial Institutions (SIFIs), I did […]

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Money Reimagined: ‘They Starve’: The Ugly Side of the US’ KYC-AML Obsession

October 23, 2020

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Oct 23, 2020 at 15:31 UTCUpdated Oct 23, 2020 at 16:01 UTC Salcaja, Guatemala, is known for its many residents who have emigrated to the United States and sent money home to their families as remittances. (John Moore/Getty Images) Money Reimagined: ‘They Starve’: The Ugly Side of the US’ KYC-AML Obsession At a 2015 blockchain […]

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We Still Lack a Rational Way to Value Tokens

October 22, 2020

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Oct 22, 2020 at 16:00 UTC We’re obsessed with wanting to draw rational relationships between the price of crypto tokens and the value behind them. There is no shortage of viewpoints from analysts, entrepreneurs, developers, pundits or investors on this question. Just google “crypto tokens valuation metrics” and you will see the variety of what […]

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The US Risks Getting Left Behind on CBDCs

October 20, 2020

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Oct 20, 2020 at 15:51 UTC This week, as world leaders gather virtually for DC Fintech Week in Washington, D.C., a key focus will be on central banks issuing their own digital currencies (CBDC). A pivotal player here is the United States, which faces an increasingly urgent decision: whether to take serious steps towards issuing […]

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CBDCs Mean Evolution, Not Revolution

October 20, 2020

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Oct 20, 2020 at 14:51 UTCUpdated Oct 20, 2020 at 15:00 UTC Part of the BIS headquarters, the Botta Building in Basel (Fred Romero/Flickr) Who wants a central bank digital currency (CBDC)? Plenty of people, apparently; industry groups are advocating digital cash, millions of people have reportedly signed up to a lottery to receive digital […]

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