Category: TRENDS IN CRYPTOS

Ernst & Young, one of the world’s four biggest accounting and professional services firms, recently produced a decidedly bullish report on tokenization. Titled “Tokenization of Assets: Decentralized Finance (DeFi), Volume 1”, it predicts that tokenization of assets, both digital and real world, are set to transform powers of ownership and commercial interaction. According to the...

Switzerland will freeze all digital assets held within its borders by Russian businesses and individuals sanctioned by NATO allies, the government has announced.  The country will comply with the European Union’s (EU’s) sanctions and add its own strictures on Russian crypto holdings, officials said.   “As of today, all four EU sanctions packages have been adopted...

The European Union (EU) is considering new rules that would make it more difficult for Russian oligarchs and government agencies to move money by laundering it through digital currencies, the Financial Times reported.  Among those calling for tighter oversight is Christine Lagarde, president of the European Central Bank, who urged laws forbidding firms dealing in...

POLITICIANS PUSH FOR CRYPTO BAN ON RUSSIANS. Several major centralized crypto exchanges including Kraken and Binance have so far declined to disable transfers to all Russian accounts. The request was made by the Ukrainian government. Reacting to the news, former Secretary of State and two-time failed Presidential candidate Hillary Clinton said she was disappointed that...

Coinbase on Monday became one of the first major centralized crypto exchanges to announce a wide ban on Russian people utilizing its services. Coinbase, said hundreds of accounts linked to Russians have been banned, and the company said it would support Western sanctions on Russia. “Today, Coinbase blocks over 25,000 addresses related to Russian individuals...

According to reports, President Joe Biden is expected to issue an executive order this week telling government agencies to look into possible crypto regulatory reforms, as well as the national security and economic implications of digital assets. The White House’s stance on the sector has been renewed as a result of sanctions imposed by Washington...

Many average crypto enthusiasts and investors may not be aware of the “blockchain” and DLT names associated with enterprise use. That’s because the technologies and networks built on Corda, Hyperledger Fabric, and a handful of other major enterprise class DLT systems are private, permissioned, and not made for or marketed for individuals. But those solutions,...

BRAIN DRAIN TO CRYPTO? Dominant tech giants like Amazon, Google and Microsoft are hardly in danger of lacking talent for their sprawling projects (for example, see our TRENDS IN TECHNOCRACY section in this issue). But there are continuing signs that the crypto sector is drawing more than in the past on innovators from mainline tech....

The ability to stake Crypto, or essentially lend it to a network ecosystem, while earning more tokens in reward, is set to become a more widely available option for many crypto holders in 2022. With Ethereum (ETH) set to switch to a proof-of-stake (PoS) consensus mechanism later this year, native staking on that platform will...