New German Chancellor Olaf Scholz calls for the state currency monopoly
    28 Nov 2021
    309 Views

    Amid the latest price surge, propelling the crypto market above $3 trillion, Germany’s new chancellor Olaf Scholz warned over a “tulip bubble” developing over the crypto market, calling to keep “the currency monopoly” in the “hands of states.” “I would doubt whether [Bitcoin and cryptocurrencies have] any prospects as a currency model,” Scholz, who has…

    Black Friday crash: Crypto enters bear market on new Covid variant concerns

    On Friday, the entire crypto market dropped by over 12% amid fears over a new worrisome coronavirus variant from South Africa. Bitcoin fell sharply alongside other crypto assets, hitting a seven-week low and officially entering bear market territory. The world’s biggest cryptocurrency dropped Friday over 8% in 24 hours, as low as $53,609, according to…

    Cryptocurrencies and DeFi as seen by “traditional” finance. Part 3
    28 Nov 2021
    318 Views

    We finish our description of the cryptocurrency industry through the eyes of “traditional” financiers, primarily bankers. As it turned out, they are not as blinkered as we used to think. Moreover, they can reasonably assess the prospects of a decentralized financial world. Strong impression of DeFi Decentralized finance has undoubtedly greatly impressed financial market professionals….