KYC: 68% of exchanges do not meet standards
Previously cited in the article LexisNexis & Blockbid Partnership, KYC and AML formalities are in the line of sight of international regulators. However, it appears that only 32% of cryptos exchanges meet the guidelines. This is a study of the company P.A.I.D in partnership with Mitek, a technology provider for identity verification, which advances this low ratio. The obligatory KYC...
Venezuela: Petro nowhere to be seen
Yet formally announced by the President of Venezuela in person, the local cryptocurrency, the Petro, should have been issued with, not only oil reserves as collateral, but also gold, diamonds and other commodities. A few months later, after a major issue of the latter, the record is far from brilliant: no one user, no investor and even less convenience...
Russia: “Cryptoassets are not a threat to financial stability”
President of Russia's Central Bank doesn't want to call cryptocurrencies by their names. Elvira Nabiullina prefers the nickname "Cryptos-Things". Last month, Elvira Nabiullina was at the recent annual international economic forum in St. Petersburg when she used this new wording. The report released on May 30 supports the statement that the volume of transactions is very small. So small...
Switzerland: cryptocurrencies accepted in a 2nd Bank
Maerki Baumann, a Zurich-based private bank, announced that it will manage the cryptoassets of its customers. In Switzerland, it is the second private bank to take this step forward. Maerki Baumann & Falcon bank Previously mentioned in one of our last articles, Switzerland, or more precisely some Swiss financial institutions, seemed to pout when crypto startups knocked on their door to...
CEO of Lazard: cryptocurrency could replace the dollar
Ken Jacobs, CEO of Lazard, recently gave an interview at Bloomberg. Lazard director - a leading investment and asset management financial group with nearly 250 billion assets - was asked about the risks and opportunities of the USA. He shared his vision on the current and upcoming situation. The only risk is the economic overheating, initially, which remains highly unlikely as...
BEAM: Where to go next?
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Summary Market Capitalization: USD 43'9 Mio. Coin Market Cap Ranking: #88 (13th September 2019) Validation: Proof of Work This article is an update on Beam (BEAM), which was introduced in a research report earlier in June...
Bitcoin: The new digital Black Hole of the Century
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. The following article is an update on the recent run-up over 16’700$ (17th November) and the investor sentiment in which Bitcoin currently is. The article will elaborate on Plan B’s Stock-to-Flow model (S2F) for...
Ethereum 2.0: Explanation & Assessment – 2021 Update
This last quarter of 2020 has seen large market gains alongside both excitement and criticism of the Ethereum platform. The first phase of the 2.0 update has been successfully implemented and an increased throughput is expected to solve historic problems of scalability and cost. However, some critics hold valid concerns and there are still several challenges to overcome on...
Bitcoin: Beyond The Bubble – Full Documentary
Bitcoin: Beyond the Bubble If the notion of bitcoin intrigues you, yet you find yourself intimidated by the complicated techno-jargon surrounding it, then the documentary "Bitcoin: Beyond the Bubble" is for you. This incisive overview explains the intricacies of the cryptocurrency in an engrossing and easily digestible manner. Still not sure how all of this work? Have a look at this Bitcoin &...