Best crypto memes of the day – June 13th

Related articles

• 24 CBDCs expected to be fully operational by 2030 – BIS Report

  TL;DR Breakdown Bank for International Settlements (BIS) reports that there could be as many as 15 retail and 9 wholesale CBDCs in circulation by 2030. According to BIS, AEs and EMDEs differ in two ways: Compared to AEs, retail CBDC work in EMDEs is driven more by financial inclusion and monetary policy implementation.  In 2022, the number of central banks expected to issue a retail CBDC within the next three years rose from 15% to 18%. There still lies legal ambiguity over the issuance of digital currencies. Description According to a survey by the Bank for International Settlements (BIS), 93% of central banks are researching central bank digital currencies (CBDCs). As per the report, by 2030, there could be as many as 15 retail and 9 wholesale CBDCs in circulation. The survey of 86 central banks, published on July 10, took place from … Read more According to a survey by the Bank for International Settlements (BIS), 93% of central banks are researching central bank digital currencies (CBDCs). As per the report, by 2030, there could be as many as…

  Article 2023年7月11日

• UBS makes profit history with Credit Suisse takeover

  Description Setting the stage for a historical performance in the banking sector, UBS has showcased a profit spectacle rarely witnessed before. The Swiss financial mammoth has proudly marked its territory by reporting an astonishing $29 billion quarterly profit. The monumental gain is tethered to its acquisition of Credit Suisse, demonstrating the high stakes and returns of … Read more Setting the stage for a historical performance in the banking sector, UBS has showcased a profit spectacle rarely witnessed before. The Swiss financial mammoth has proudly marked its territory by reporting an astonishing $29 billion quarterly profit. The monumental gain is tethered to its acquisition of Credit Suisse, demonstrating the high stakes and returns of the banking world. A Divisive Profit Windfall While UBS’s exceptional profit surge has been attributed almost exclusively to the takeover, it isn’t all sunshine and rainbows for the financial behemoth. The massive boost eclipsed the previous record held by JPMorgan, which reported a $14.3 billion profit at 2021’s onset. However, peeling back the takeover layer reveals a more modest $1.1 billion pre-tax profit for UBS. The…

  Article 2023年9月1日

• SlowMist’s report: blockchain hacks swipe over $30 billion from crypto sector

  TL;DR Breakdown Shockingly, $30 billion has been lost from the blockchain sector due to 1,101 hacking incidents.  The Exchange sector is the most affected in the industry, with losses of almost $10.95 billion stemming from 118 incidents. Ethereum and the Binance Smart Chain Ecosystem have also been majorly impacted, with losses totaling $3.12 billion and $10.95 billion, respectively. Description A staggering $30 billion has vanished from blockchains, according to the latest statistics from the SlowMist research. Hence, these figures indicate a pressing need to address security concerns in the rapidly growing blockchain and cryptocurrency sector. The report contains a detailed account of 1,101 hacking incidents. Significantly, it pinpoints the industry’s inherent weaknesses that need … Read more A staggering $30 billion has vanished from blockchains, according to the latest statistics from the SlowMist research. Hence, these figures indicate a pressing need to address security concerns in the rapidly growing blockchain and cryptocurrency sector. The report contains a detailed account of 1,101 hacking incidents. Significantly, it pinpoints the industry’s inherent weaknesses that need urgent attention. Moreover, the data highlights the losses…

  Article 2023年7月9日

• Bitwise CEO predicts the start of a multi-year bull market for crypto, following interest from institutional investors

  TL;DR Breakdown Bitwise CEO Matt Hougan predicts the start of a multi-year bull market in cryptocurrencies, marked by the sector’s resilience and institutional involvement, including BlackRock’s entry into Bitcoin​ Hougan also anticipates significant growth in crypto equities, stocks closely tied to digital assets or blockchain technology, which have seen over a 100% increase this year. A surge of new crypto companies entering the stock market is expected, signaling a transformative moment and the start of a ‘mainstream era’ for cryptocurrencies. Description Cryptocurrencies are increasingly making their presence felt, according to Matt Hougan, CEO of Bitwise—the world’s largest crypto index fund manager. In an interview with Bloomberg, he predicted the start of a multi-year bull market in cryptocurrencies. This forecast is based on the market’s remarkable resilience in the face of regulatory challenges and the recent entry … Read more Cryptocurrencies are increasingly making their presence felt, according to Matt Hougan, CEO of Bitwise—the world’s largest crypto index fund manager. In an interview with Bloomberg, he predicted the start of a multi-year bull market in cryptocurrencies. This forecast is based on…

  Article 2023年6月27日

• Congressman: Banning CBDC vital for America’s future

  TL;DR Breakdown Congressman Warren Davidson opposes CBDCs, seeing them as threats to U.S. fintech. CBDCs and cryptocurrencies, like Bitcoin, are distinct and shouldn’t be conflated. Davidson’s main concern lies with the entities and influencers pushing for CBDCs. Description An outspoken critic on the move to introduce a central bank digital currency, U.S. Congressman Warren Davidson, once again steers the national conversation on the CBDC’s potential dangers and its profound implications for the nation’s fintech horizon. Contrary to popular belief, cryptocurrencies and CBDCs aren’t two sides of the same coin. Let’s take a deep … Read more An outspoken critic on the move to introduce a central bank digital currency, U.S. Congressman Warren Davidson, once again steers the national conversation on the CBDC’s potential dangers and its profound implications for the nation’s fintech horizon. Contrary to popular belief, cryptocurrencies and CBDCs aren’t two sides of the same coin. Let’s take a deep dive. CBDC: A Double-Edged Sword for American Fintech? Warren Davidson, a formidable figure on the House Financial Services Committee, doesn’t mince words when it comes to his stance on…

  Article 2023年8月17日