• KPMG Pulse Fintech blockchain 2019
    Cryptocurrencies

    KPMG: Fintech boom but blockchain bust in 2019

    Despite 30% fewer deals than 2018, the auditing and advisory firm predicts blockchain will ‘remain robust well into 2020’

    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.

  • Meltem Demirors of CoinShares interviewed by RealVision, October, 2019 (screenshot).
    Bitcoin,  Innovators,  Opinion

    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.

  • 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,  Regulation

    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.

  • 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).
    Technology

    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.