Despite an overall blockbuster year for Fintech, there was a blockchain bust, with investment falling substantially in 2019, according to KPMG. Global private investment in blockchain and cryptocurrency dropped from $6.3 billion in 2018 to $4.7 billion last year.
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Meltem Demirors questions Wall Street’s involvement in crypto
But is it really such a bad thing?
The union of cryptocurrency and Wall Street is much like a Medieval arranged marriage: A little bit of wealth is at stake but everyone seems miserable and most people involved are in need of a bath. Few are as upset about the whole thing as those who are involved in crypto for ideological reasons—or, at least, those who say they are.
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The Bank of International Settlements (BIS) building in Basel Switzerland sure doesn't look like a dreary place to work every day, right? (Photo by Mario Botta via Wiki commons).Libra Association and major banks grilled on stablecoins
Stablecoin creator JPMorgan and a consortium of major financial institutions aiming to launch its own payment coin face the Bank for International Settlements
Facebook once again defended its Libra cryptocurrency, this time in front of a group of central bankers at a conference on the regulation of stablecoins held in Switzerland on September 16.
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It's all rainbows and alpacas for eToro CEO Yoni Assia at the Ethereal Summit in Tel Aviv, September 15, 2019 (photo by Molly Jane Zuckerman for Modern Consensus).How blockchain will ‘eat’ finance: An interview with eToro CEO Yoni Assia
Modern Consensus sat down with Yoni Assia, the CEO and founder of social trading network eToro, at this weekend’s Ethereal Summit in Tel Aviv
Yoni Assia is quite confident that traditional finance will eventually fully transition over to blockchain—in his oft-repeated words, “it's going to eat their existing financial systems.” Having begun trading at just 13 years old, the eToro CEO brought the social trading platform into the crypto space in 2010, with a further step towards adoption in the launch of the eToroX crypto exchange earlier this year.
