Bloomberg title: What Have We Learned From the FTX-Binance Debacle? Bloomberg subtitle: Instead of revolutionizing finance, crypto is largely repeating its mistakes. Let the buyer beware. By: the Bloomberg Opinion Editorial Board Date: 10 November 2022 "Cryptocurrencies were supposed to usher in a new and better era of finance. Instead of relying on fragile, stodgy...
Each time that I think that the (financial) world can't get madder, then reality proves me wrong (eg, $40 billion SPAC merger with a Asian ride-hailing app, and $100 billion IPO of a cryptocurrency exchange). While professional investors are already retreating, retail investors are putting in even more money. Hence, bad money always drives out good money....
Most of the 10 known factors of climate change (see picture), have no human involvement (BGS). One climate change factor, greenhouse gases, stirs up lots of controversy about the degree of human engagement. On 29 October 2018, a new study revealed an eleventh climate change factor that can be fully attributed to humans: Bitcoin mining. Earlier news reports had...
Monday's blog was about paradigm shifts in the 7 Belief systems. Yesterday's blog was about a paradigm shift in Politics, a belief system in its Power domain. Today's blog is about a paradigm shift in the Truth, a belief system in its Knowledge domain. Essentially, the Truth is about data and/or information and our opinion on their righteousness. We believe in...
"Spanish lender becomes first global bank to use the technology for corporate loans Spain’s BBVA has become the first global bank to issue a loan using the distributed ledger technology that underpins cryptocurrencies and has the potential to revolutionise banking processes. BBVA said it carried out the entire process for a €75m corporate loan — from...
"Bank accounts could disappear within 15 years according to one of Deutsche Bank's most senior execs One of Deutsche Bank's most senior executives said that bank accounts could be obsolete within 15 years. Marcus Schenck, Deutsche's co-head of corporate and investment banking, said that a recent trip to China had opened his eyes to the fact that the retail banking...
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