A Deutsche Bank survey of money managers found 90 percent calling the cryptocurrency one of many financial bubbles they foresee popping soon. Even among those, Bitcoin was in a class by itself, with half of the Deutsche Bank respondents giving it a 10 on a 1-to-10 bubble scale.
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Former CFTC head warns Senate that falling behind in the CBDC arena will have serious consequences (Photo: U.S. Senate)Crypto Must-Reads for June 30, 2020
These are the crypto stories you should be following today: Senate told lead or follow on digital dollar; alt-coin market manipulation still strong; BoA says crypto equals cash; U.S. soccer stars tokenized
Digital Dollar Project head Christopher Giancarlo tells the Senate that the U.S. must lead or follow on central bank digital currencies; crypto volume pumper’s manipulation business is still going strong; Bank of America okays crypto purchases with credit cards, but calls them cash advances; all U.S. Soccer players have been tokenized on a blockchain
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Central banks across Southeast Asia are embracing blockchain
Serving the unbanked and leapfrogging inefficient interbank and international settlement systems are a major focus
Financial authorities across Southeast Asia are embracing blockchain technology and digital currencies as a way of helping the poor get better access to banking services that can help lift them out of poverty, as well as speeding and improving interbank payments and cross-border settlements.
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In ‘Blockchain Babel,’ a warning for banks and FinTechs
Igor Pejic’s new books sees blockchain bringing misunderstanding, opportunities, and looming threats to the financial sector
If there’s one theory at the heart of Igor Pejic’s new book, “Blockchain Babel: The Crypto Craze and the Challenge to Business,” it is that when it comes to using blockchain technology to remake the banking business, neither the financial institutions looking to maintain their dominance nor the FinTech firms trying to topple them understand each other, or how much they need each other.
