As the use of cash declines in major economies, what factors should central banks consider when developing digital currencies in order to benefit both people …
Earlier this year Bosonic, Trustology and GCEX published a 2021 roadmap to institutional adoption in the crypto markets. In this article we publish the last part of their whitepaper ….
On the 5th of October bitcoin broke back through the key mark of $50,000. Many have been speculating whether the recent technical analysis suggests it is setting up …
By Saurabh Anand, Senior Analyst, Pranati Dave, Practice Director and Ronak Doshi, Partner at Everest Group
Cryptocurrency is a constantly evolving financial service, currently gaining more traction than ever within the trading world. After an investor accidentally ‘threw away’ their millions in Bitcoin, followed by its plummet in value after Elon Musk’s announcement that Tesla would no longer accept it as a payment method, 2021 has already seen its fair share of virtual payments making the financial headlines.
In 2020 cryptocurrency’s market cap grew over 400%. So far, 2021 is proving just as explosive. At the time of writing, cryptocurrency is up 150% on the year, with its market cap hovering just above $2 trillion. For comparison, that’s higher than that of Google, Amazon and Microsoft.
The crypto market has come a long way since the retail bubble of early 2018. The maturation of the entire crypto ecosystem, both retail and institutional, has been nothing short of transformational.
What seemed highly unlikely a few years ago is now taken for granted: an increasing number of institutional players are looking to offer digital asset services to their clients. Recent high-profile examples include Goldman, JPMorgan and Citi, who are all reportedly exploring crypto custody services.
Central banks have been pondering for some years the benefits and risks of introducing digital currencies but events are now converging that may speed up their adoption, writes Richard Willsher.
By Henry C. W. Price with additions from Hugh Lawson-Tancred, GCEX Research and Advisory Board Stablecoins – the very name is strange, as coins in real money are completely stable, both physically and chemically. A gold coin is sometimes used as a metaphor for Bitcoin, for mining and its value proposition of scarcity. Proof of […]
