207 Results from 2022, /crypto
Retired Member
For a long period, the crypto-asset market has remained unregulated in the European Union. A group of EU member states has developed cryptocurrency legislation at the national level, but unified rules at the EU level have not been approved yet. To implement a pan-European approach to crypto-assets regulation and avoid legislative fragmentation in ...
06 December 2022 /crypto Fintech World
Yuliya Barabash Managing Partner at SBSB Fintech Lawyers
In 2021, a friend of mine bought an NFT for €1800. Today, it costs €10. The difference is impressive. With the market decline, all token purchases made a year ago lost 80–90% of the margin. The loudest story is connected with Logan Paul, an American YouTube blogger. In 2021, he purchased an NFT called K4M-1 #03 from the Azuki Bumblebee collection....
06 December 2022 /crypto /markets Trends in Financial Services
Recent industry activity and the key indicators behind digital asset adoption rates for 2023. Digital assets are more prevalent and accessible than ever before, but, right now, the industry is locked within a state of winter, particularly following the collapse of FTX and Alameda. While a period of sustained lower costs may be of concern to some, ...
06 December 2022 /payments /crypto Fintech
Hirander Misra Chairman and CEO at GMEX Group
The use of digital assets and blockchain solutions has gradually become more prominent as the digital transformation of the financial services industry has progressed. As Finance 4.0 advances, there is an increasing demand to access a full range of digital products and services in tandem with traditional financial services. While the convergence o...
05 December 2022 /regulation /crypto Digital Asset Class (DAC)
Gilbert Verdian Founder and CEO at Quant
The last few weeks have not been good for the reputation of blockchain industry. The collapse of the crypto exchange, FTX, has put bad actors and the unregulated trading of cryptocurrency into the spotlight. In more regulated spheres, we saw the $250m write-off by the Australian Securities Exchange (ASX) that pulled the plug on its supposed, world...
05 December 2022 /crypto /markets Blockchain in Banking and Financial Services
Arina Dudko Director, Head of Corporate Payment Solutions at CEX.IO
In the natural world, when two species co-evolve, they develop traits to accommodate the other, and vice versa, in the spirit of mutual betterment. For instance, a clown fish is able to seek safety from predators in a sea anemone, while the sea anemone enjoys what amounts to a trip to the spa, courtesy of the clownfish. There was a point in time w...
02 December 2022 /payments /crypto Payments strategies 2015-2020-2030
Uldis Teraudkalns CEO at Nexpay
Advocates of new technologies often like to think they exist outside the usual rules and trends of business. There are plenty of signposts for how this usually works out. The most famous is the “hype cycle” from tech high priests, Gartner. In the cycle, a new tech emerges, sounds exciting and gets hyped out of sight until it reaches “the peak of ...
22 November 2022 /crypto /markets
Mykyta Grechyna
On 11 November 2022, the FTX group of companies, including quantitative trading firm Alameda Research, co-founded in September 2017 by Sam Bankman-Fried, and approximately 130 additional affiliated companies initiated voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware, United States. The FTX has...
22 November 2022 /regulation /crypto Bitcoin payments
Eugenie Casier Director of GRC at Clausematch
Crypto had been having a tumultuous season. Still, to see household name FTX fall, came as a surprise to many. The much-discussed cryptocurrency platform was launched in 2019. By 2021, they reported revenues of $1.02 billion, a figure evidence of their exponential growth from $85 million the previous year. That soaring increase meant an exchanged ...
22 November 2022 /regulation /crypto Cryptocurrency Insights
Piers Marais Chief Product Officer at Currencycloud
Decentralisation is the buzzword in fintech at the moment – whether that’s sharing data more widely, such as with open banking, or directly using decentralised systems, as with the blockchain. Decentralised finance (DeFi) is one of the latest developments, aimed at democratising access to finance by removing the middlemen that control the flow of ...
17 November 2022 /payments /crypto Decentralized Finance (DeFi)
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