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The latest research from the AMINA team

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Latest research

  • 04.07.2024

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    The Digital Investor

    June’s Crypto Odyssey

    In June, while traditional financial markets flourished, the cryptocurrency markets faced significant challenges.

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  • 06.06.2024

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    The Digital Investor

    The May Crypto Roundup: Big Moves and High Hopes

    Bitcoin continues to consolidate with long-term investors beginning to re-accumulate coins for the first time since December 2023. The month of May saw a market-wide recovery in the last two weeks

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  • 08.05.2024

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    The Digital Investor

    Correcting Course: April’s Crypto Recap

    In April, the crypto market witnessed significant events and developments across various fronts. Total crypto market capitalization declined by 16% over the month. 

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  • 02.05.2024

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    The Bridge

    Artificial Intelligence, Blockchain and Crypto: A Confluence

    Much recently, cryptocurrencies themed around artificial intelligence (AI) were all the rage in crypto.

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  • 12.04.2024

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    The Digital Investor

    Marching Momentum: BTC, ETH, SOL

    Bitcoin is on the brink of its halving event, amidst a surge in institutional demand, poised to catalyze significant market movements.

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  • 08.03.2024

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    The Digital Investor

    FOMO February

    In February 2024, the cryptocurrency market experienced significant gains, with Bitcoin leading the charge.

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  • 29.02.2024

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    The Digital Investor

    Bitcoin Halving – What You Need to Know

    2024 stands as a pivotal year for Bitcoin. After the first three Halvings Bitcoin prices increased and reached new all-time highs.

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  • 08.02.2024

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    The Digital Investor

    January 2024: Crypto Market Milestones and Insights

    January 2024 saw US GDP and employment numbers that were stronger than expected.

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  • 24.01.2024

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    The Bridge

    Approval of 11 Spot Bitcoin ETFs: The Dawn of a New Era

    The U.S. Securities and Exchange Commission (SEC) has approved 11 new spot Bitcoin (BTC) Exchange-Traded Funds (ETFs).

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  • 11.01.2024

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    The Digital Investor

    Crypto Market Outlook 2024

    As we delve into 2024, the crypto, financial, and economic landscapes converge with a tapestry of possibilities.

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  • 19.12.2023

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    The Bridge

    ESG in Crypto: Building a Responsible and Inclusive Economy

    This piece delves into ESG considerations within the cryptocurrency and digital assets industry, exploring climate impact, financial inclusion, social aspects, illicit activities, and governance.

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  • 11.12.2023

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    The Digital Investor

    November’s Dominance: Crypto Data Digest

    Bitcoin recovered significantly in 2023, surging by about +150% year-to-date, from USD 16,600 to 41,600 at the time of writing. Bitcoin is one of the best-performing assets this year.

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  • 09.11.2023

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    The Digital Investor

    The October Effect: A Strengthening Crypto Market

    The month of October lived up to expectations, maintaining its “Up-tober” reputation.

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  • 05.10.2023

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    The Digital Investor

    Breaking the September Tradition

    Remarkably, September 2023 bucked the trend of historical challenges in the cryptocurrency market, with the overall market cap staying resilient, diverging from the usual "red" month pattern.

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  • 28.09.2023

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    The Bridge

    Unveiling Cryptographic Enigmas: The Magic of zkSNARKs and zkSTARKs

    As we continue our voyage from the foundational shores of Zero-Knowledge Proofs (ZKPs), you're about to embark on an expedition of epic proportions. Picture this as a thrilling sequel to our previous adventure, where we uncovered the mysteries of ZKPs.

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  • 07.09.2023

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    The Digital Investor

    September’s Stellar Crypto Standouts

    As we bid farewell to August, a month that kept the global economy on its toes, it's time to dissect the pivotal developments that have set the stage for what's to come in the world of finance and cryptocurrency.

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  • 28.08.2023

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    The Bridge

    Zero-Knowledge Proofs Explained

    In a world where information is both a valuable asset and a vulnerable liability, a ground-breaking concept has emerged — Zero Knowledge

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  • 09.08.2023

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    The Digital Investor

    July’s Blockchain Marvel

    Welcome to our monthly roundup of the most significant updates shaping the world of economics, blockchain technology, and decentralized finance (DeFi).

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  • 21.07.2023

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    The Digital Investor

    Blockchain Interoperability (Part 3): Polkadot

    Polkadot is a promising project that should interest investors. First, interoperability increases digital asset utilisation, and Polkadot offers all the broadest types of interoperability.

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  • 21.07.2023

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    The Digital Investor

    Bitcoin Valuation – Reloaded

    The rise of institutional investors has increased our bitcoin fair-value to USD 50,000.

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  • 20.07.2023

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    The Bridge

    Web 3.0: A Controversial Paradigm Shift or a Technological Mirage?

    Web 3.0, the much-hyped successor to Web 2.0, has sparked fervent debates and divided opinions among tech enthusiasts, economists, and policymakers alike. Proponents hail it as a transformative force,...

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  • 05.07.2023

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    The Digital Investor

    Bitcoin in the Fastlane

    Welcome to July edition of the Digital Investor, where we bring you the most important highlights and updates from the cryptocurrency markets for June 2023. The total crypto market capitalization grew...

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  • 12.06.2023

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    The Digital Investor

    Crypto Market Roundup

    Welcome to June edition of the Digital Investor, where we bring you the most important highlights and updates from the cryptocurrency markets for May 2023. The total crypto market capitalization decli...

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  • 04.05.2023

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    The Digital Investor

    Ethereum Self-sustaining Engine: A Financial Model

    In this edition of the Digital Investor, we take a look at the state of the Bitcoin and Ethereum network. Its focus is a financial model analysis of the Ethereum ecosystem.

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  • 06.04.2023

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    The Digital Investor

    Crypto Defies Adversity

    Major banks collapsed, stablecoins lost their peg, and decentralized apps struggled with bad debts. However, the crypto industry remained strong with active development. Read on for an in-depth analys...

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  • 23.03.2023

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    The Bridge

    Digital Custody

    With the rise of digital assets, custody has become an increasingly important service for the safekeeping of cryptocurrencies and other digital assets. This article introduces you to the world of cust...

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  • 09.03.2023

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    The Digital Investor

    The Shapella Upgrade

    The Shapella upgrade will take place next month. It will allow stakers to unlock their ethers. The process is not automatic. We explain how to do it and what we expect the price will do. Get ready for...

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  • 08.02.2023

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    The Digital Investor

    From Bear to Bull: Crypto’s Resurgence

    The beginning of 2023 has been positive for risk assets, including stocks and cryptocurrencies. This is due to a convergence of factors, such as decelerating inflation and oversold conditions in these...

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  • 12.01.2023

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    The Digital Investor

    Digital Assets 2022: A Retrospective

    Some analysts are predicting further declines in the S&P 500 in the first half of 2023, followed by a potential buying opportunity before the Federal Reserve starts cutting rates in 2024 to support th...

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  • 09.12.2022

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    The Digital Investor

    Outlook 2023

    2022 was a rough year for crypto. Events like the Terra (LUNA) crash, the losses on Celsius, the Three Arrows Capital implosion, and of course, the FTX-Alameda collapse, each took the market to where ...

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  • 03.11.2022

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    The Digital Investor

    Nearing Inflexion

    Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

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  • 22.09.2022

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    The Bridge

    ESG Environment, Social and Governance

    Climate change, social diversity, and ethics are becoming increasingly important in investment decisions. ESG or Environment, Social, and Governance is a general framework to invest ethically and sust...

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  • 15.09.2022

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    The Digital Regulator

    The development of cryptofinance regulation – National focus

    The last five years have witnessed a rapid development of cryptofinance regulation. Initially, it reacted to, and framed, innovative practices. Then, it has broadly supported the development of crypto...

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  • 08.09.2022

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    The Digital Investor

    Markets Chase Liquidity

    Macro headwinds dominate cryptocurrencies as central banks tighten monetary conditions. Bitcoin is closely correlated with USD liquidity. As the Fed started quantitative tightening on 1 September, pre...

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  • 11.08.2022

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    The Digital Regulator

    The Basel Framework and Cryptoassets: Finishing Line?

    The second Basel Committee consultative document on the prudential treatment of cryptoasset exposures is very comprehensive and suggests that the 3-year long gestation may soon come to an end. Materia...

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  • 04.08.2022

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    The Digital Investor

    Ethereum Leading Market Recovery

    After the prolonged downward trend of cryptocurrency prices for almost all months this year, July 2022 has been the time of recovery for the crypto markets. The total market cap increased by 24%, and ...

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  • 16.07.2022

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    The Digital Regulator

    Crypto and Illicit Finance

    There is no consensus regarding the proportion of illicit finance carried out through cryptofinance. Time series support the view that licit cryptocurrency transactions are growing much faster than il...

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  • 14.07.2022

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    The Digital Regulator

    Stablecoins & Regulation: Quo vadis?

    Regulators have acknowledged the use cases and highlighted the risks of stablecoins since 2019. The reactions that have followed the TerraUSD (UST) fallout in May 2022 suggest that asset-backed stable...

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  • 07.07.2022

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    The Digital Investor

    The Great Capitulation

    We remain cautious in our approach, preferring Bitcoin and Ethereum over alternative smart contract platforms and decentralised finance or metaverse tokens. High cost-push inflation figures and slow g...

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  • 10.06.2022

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    The Digital Investor

    Are we in crypto winter?

    We continue to navigate the crypto market cautiously, with a preference for low beta coins such as bitcoin and ether. As prices have declined massively in May in the wake of the Terra debacle, draggi...

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  • 19.05.2022

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    The Bridge

    Metaverse

    Humans today have a digital consciousness and an identity that makes our life easy in many ways. Given the consistent increase in average daily time spent online, either work or leisure, and advanceme...

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  • 12.05.2022

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    The Digital Regulator

    The Regulatory Impact of the Ukrainian War

    Early concerns that the use of cryptoassets might undermine the effectiveness of sanctions have turned out to be overrated, due to the structure of crypto markets and compliance efforts by exchanges. ...

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  • 06.05.2022

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    The Digital Investor

    Cautiously Navigating Crypto

    The overall crypto market capitalisation declined by approx. 20% last month, given the uncertainties caused by rising inflation, rate hikes, geopolitics, and Covid-19 restrictions. While good fundamen...

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  • 03.05.2022

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    The Bridge

    Decentralised Autonomous Organisation (DAO)

    A DAO is an alternative to the traditional organisational structure, a potentially better way to coordinate capital and talent almost instantaneously, at scale, from anywhere in the world.

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  • 14.04.2022

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    The Digital Regulator

    The Day the US Endorsed Cryptofinance

    On 9 March 2022, the White House issued a Presidential Executive Order that formalizes the top-down, federal-wide, adoption framework for cryptofinance in the US. This watershed milestone had a long g...

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  • 07.04.2022

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    The Digital Investor

    Strong Fundamentals Enabling Growth

    Last month, digital assets and equities did well. Bitcoin price increased by 22%, ether by 38%, and the Decentralised Finance (DeFi) token AAVE jumped as much as 100%. The current high inflation scen...

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  • 10.03.2022

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    The Digital Regulator

    Are cryptoassets systemically relevant?

    The steady adoption of cryptoassets, and their recent all-time high capitalisation level, has raised again the issue of whether cryptoassets pose a systemic risk to the financial system. International...

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  • 07.03.2022

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    The Digital Investor

    War & inflation

    Last month, digital asset prices have been hit twice. First, the rise of inflation coupled with rising expectation of a first Fed hike mid-March negatively impacted the price of bonds, and risky asset...

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  • 14.02.2022

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    The Digital Investor

    Building Through The Bear

    Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

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  • 10.02.2022

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    The Digital Regulator

    Metaverse and regulation

    Confronted with the rapid expansion of the Metaverse, regulators face the challenge to promote this new marketplace sustainably by mitigating old and new risks to consumers, ensuring fair competition ...

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  • 03.02.2022

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    The Digital Investor

    Expectation Adjustment

    Macroeconomic headwinds weighed heavily on bitcoin and the whole cryptoverse in January. According to the AMINAX® Index, an index made of a selection of blue-chip cryptocurrencies, the crypto market dr...

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  • 14.01.2022

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    The Digital Regulator

    Will 2022 deliver a unified US federal approach to crypto regulation?

    The regulatory work initiated by US authorities in 2021 should give rise to a federal cryptofinance framework in 2022. The expectation is a framework supportive of sustainable cryptofinance that may i...

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  • 07.01.2022

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    The Digital Investor

    Crypto 2022: The wheel turns

    Crypto is at a crucial juncture where it must deliver on its high expectations even under macroeconomic uncertainty.

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  • 16.12.2021

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    The Digital Regulator

    Bitcoin ETF: Substance over form, please

    On 15 October 2021, the Securities and Exchange Commission (SEC) of the United States allowed trading in the ProShares bitcoin futures Exchange Traded Fund (ETF). On 12 November 2021, the SEC rejected...

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  • 09.12.2021

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    The Digital Investor

    Fundamental certainties amid macro uncertainties

    November started strong but macroeconomic factors slowed the progress of the crypto bull market.

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  • 19.11.2021

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    The Bridge

    Scalability

    The blockchain trilemma states that a perfectly decentralised, secured, and scalable system cannot exist, and trade-offs must be made between these three desirable traits. In this edition of The Bridg...

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  • 11.11.2021

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    The Digital Regulator

    Promotion of sustainable ‘cryptoization’ by global standard setters

    In October 2021, global standard setters issued several policy recommendations to handle the buoyancy in cryptocurrency adoption, the use of stablecoins, and the risks posed by thriving decentralised ...

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  • 04.11.2021

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    The Digital Investor

    New Highs

    In this edition of the New Digital Investor, we celebrate the new highs made by the crypto markets in October and discuss the events that led up to it. We attempt to answer the most pertinent question...

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  • 14.10.2021

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    The Digital Regulator

    China bans; the US doesn’t: Crypto wins

    Global superpowers, China and the US, debate cryptocurrencies and take opposing positions, making international headlines. Considering the broader context, cryptocurrencies win.

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  • 07.10.2021

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    The Digital Investor

    Scaling New Heights

    September was a tumultuous month as good and bad news alternated. In the same month, bitcoin became legal tender in one country while another country banned all trading activities. In our view, bitcoi...

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  • 23.09.2021

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    The Bridge

    Tokenomics

    Tokenomics describes the role a cryptocurrency plays in a blockchain ecosystem. Understanding the key components of tokenomics is essential in assessing the potential of a project.

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  • 16.09.2021

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    The Digital Regulator

    The DeFi Regulatory Challenge

    Decentralised Finance (DeFi) generates benefits and is growing in importance. A regulatory endorsement is crucial for mass adoption. This might be achieved through the constructive cooperation between...

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  • 09.09.2021

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    The Digital Investor

    It Pays to be Smart

    In the previous edition of The Digital Investor, we noted that platform chains had significant developmental upgrades coming up while Bitcoin's on-chain fundamentals looked weak. Over the past month, ...

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  • 12.08.2021

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    The Digital Regulator

    Cross-border challenges of a Central Bank Digital Currency and Global Stablecoins

    Developing and implementing a Central Bank Digital Currency (CBDC)-based cross-border payment system is a daunting task. The launch of a Global Stablecoin (GSC) in a regulatory-controlled environment ...

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  • 05.08.2021

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    The Digital Investor

    Untangling the chain from the price

    Crypto markets struggled through most of July but managed to close on a strong note, up by almost 13%. With the increase in prices, market sentiment has also buoyed. We present an analysis of the on-c...

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  • 15.07.2021

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    The Digital Regulator

    Basel Committee Consultation: A Prudential Treatment of Banks’ Cryptoasset Exposure

    The Basel Committee recognises the ineluctability of asset tokenisation, but proposes to subject exposure to bitcoin, ether, utility tokens, DeFi tokens, and other network coins to a one-size-fits-all...

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  • 06.07.2021

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    The Digital Investor

    The New Digital Investor

    This new publication will shed light on cryptoassets as an emerging asset class and its fundamental drivers. We hope you will enjoy reading this publication and that you will find it helpful in unders...

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  • 10.06.2021

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    The Digital Regulator

    Cryptocurrency Markets and Regulators – What to expect

    The US regulators are contemplating action in the wake of recent market developments. A regulatory upgrade is required to promote institutional-grade cryptofinance.

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  • 02.06.2021

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    The Digital Investor

    Yearn Finance – Decentralised Asset Management

    In this edition of Digital Investor, we cover the largest decentralised asset management protocol, Yearn Finance. We cover its fair launch, the value drivers for the token, its moat and significant pr...

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  • 21.05.2021

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    The Bridge

    NFT: A New Fancy Technology

    We uncover the latest trend in the cryptoverse, Non-Fungible Tokens or NFTs. NFTs are often mistaken to be digital art, however, they are not the art or asset itself but the deed or proof-of-ownership...

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  • 12.05.2021

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    The Digital Regulator

    FATF and DeFi: Further thinking is required

    The updates proposed by the Financial Action Task Force (FATF) to its Guidance on the risk-based approach to virtual assets are not conducive to the development of sustainable Decentralised Finance (D...

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  • 06.05.2021

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    The Digital Investor

    Synthetix – a platform to issue and trade synthetic assets

    This digital investor explores the Synthetix protocol, its upcoming changes, and how it stacks up against other DeFi protocols in terms of valuation. The article dives into the mechanics of the protoc...

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  • 21.04.2021

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    The Digital Investor

    Bitcoin is not my lover

    Gold 2.0 or tokenised thin air? Critics say it is not money, slow, costly, energy-intensive and for criminals. Believers say bitcoin is the future. Bitcoin polarises view. One thing is sure; everyone ...

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  • 15.04.2021

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    The Bridge

    Governance Tokens: Coordinating the human element

    Who is in charge of the code on which blockchains and their applications run? Who runs the multibillion-dollar organisations of the most successful applications? When facing a difficult decision, how ...

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  • 08.04.2021

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    The Digital Regulator

    Regulatory uncertainty in cryptofinance

    Unlike traditional finance, cryptofinance involves a high degree of regulatory uncertainty. Market participants hedge this risk by operating in jurisdictions characterised by developed and stable regu...

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  • 19.03.2021

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    The Bridge

    Decentralised Exchanges – Trustless and Secure

    Centralised Exchanges have played a pivotal role in the crypto asset ecosystem, acting as fiat ramps, custodians, exchange, market makers and VCs, thereby consolidating a lot of power and responsibili...

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  • 18.03.2021

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    The Digital Investor

    DEXes – from market making to valuations

    This Digital Investor builds on concepts explained in The Bridge and analyses the landscape of decentralised exchanges (DEXes) for investors, from market making to different players. The first section...

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  • 11.03.2021

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    The Digital Regulator

    Illicit use of cryptocurrencies – Regulatory and market evidence

    Regulators have feared and combated the illicit use of cryptocurrencies since bitcoin was born. The adoption and regulation of cryptocurrencies is leading to less illicit transactions.

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  • 11.02.2021

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    The Digital Regulator

    The UK tackles stablecoins

    The UK is the third jurisdiction to address stablecoins after Switzerland and the EU.

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  • 05.02.2021

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    The Bridge

    Oracles – The Internet of Blockchains

    Just "knowing thyself" is not sufficient for a smart platform blockchain. Oracles are critical middleware that connect blockchains to the real world unlocking the full potential of platforms chains. T...

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  • 04.02.2021

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    The Digital Investor

    Decentralised Oracles: Chainlink

    Oracles are a critical middleware for smart contracts. We evaluate the need for decentralised oracles and how Chainlink is poised to accrue value as the oracles space grows.

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  • 18.01.2021

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    The Digital Investor

    Portfolio diversification: The contribution of digital assets

    Allocating digital assets in a portfolio can double the Sharpe ratio. Read the Digital Investor to understand the diversification potential of the digital asset class.

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  • 14.01.2021

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    The Digital Regulator

    Seven regulatory developments for 2021

    In this Digital Regulator, we propose seven regulatory developments that are likely to shape cryptofinance in 2021.

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  • 10.12.2020

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    The Digital Regulator

    Swiss DLT regulatory framework implementation

    The ongoing consultation on the ordinance in the distributed ledger technologies (DLTs) space is the last step in providing Switzerland with a comprehensive and globally unrivalled DLT regulatory fram...

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  • 03.12.2020

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    The Digital Investor

    Blockchain Interoperability (Part 2): THORchain

    Interoperability helps investors to increase the utilisation of their digital assets. This Digital Investor shows how THORchain facilitates better asset utilisation and dive into different factors cen...

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  • 12.11.2020

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    The Digital Regulator

    EU pilot regime for DLT-based market infrastructure

    The EU takes a circumspect approach regarding DLT-based market infrastructure despite recognising that no primary market can thrive without a secondary market.

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  • 05.11.2020

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    The Digital Investor

    Blockchain Interoperability: Towards a Connected Future

    Interoperability has the potential to create plumbing for the internet of value by connecting blockchains. Learn more about the challenges, the solutions, and the opportunities.

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  • 29.10.2020

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    The Bridge

    The Blockchain Trilemma

    The blockchain trilemma refers to the idea that a public blockchain cannot reach the desired level of decentralisation, security, and scalability all at once. In this edition of the Bridge, we introdu...

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  • 22.10.2020

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    The Digital Regulator

    The proposed EU framework for crypto-assets

    The EU tackles fragmentation and creates legal certainty by extending the regulatory perimeter to crypto-asset issuers and service providers. Implementation by 2024.

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  • 15.10.2020

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    The Digital Investor

    DeFi Investment Strategies: A Performance Review

    In this edition of The Digital Investor, we evaluate the performance of different DeFi portfolios. We test three different approaches – hold ETH as it is the major asset that gives exposure to DeFi, b...

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  • 24.09.2020

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    The Bridge

    Are blockchains that safe? How to attack and prevent attacks

    In this edition of The Bridge, we explore some well-known attacks which are commonly used to compromise blockchain networks and discuss how consensus mechanisms such as Proof of Stake and Proof of Wor...

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  • 17.09.2020

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    The Digital Regulator

    Which crypto-asset regulation for the European Union?

    In recent years, several European Union (EU) member states have developed their own crypto-asset regulations. The EU is now poised to introduce a single market regulation for crypto-assets.

    Read more
  • 14.09.2020

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    The Digital Investor

    DeFi: What happens when the music stops?

    In this digital investor, we examine the latest crypto market developments. We compare the 2017-2018 ICOs wave with the current DeFi wave and investigate the sustainability of the liquidity mining tre...

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  • 27.08.2020

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    The Bridge

    Classification and importance of nodes in a blockchain network

    In this edition of The Bridge, we explore the role of nodes in blockchain networks and how these different types are required to ensure the validity and security of data.

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  • 20.08.2020

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    The Digital Regulator

    The regulatory endorsement of global stablecoins (GSCs)

    Facebook unveiled project Libra in June 2019. A fundamental regulatory uncertainty regarding the future of GSCs followed. In July 2020, GSCs received a fundamental regulatory endorsement.

    Read more
  • 13.08.2020

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    The Digital Investor

    Bitcoin Mining as a Business

    Bitcoin halvings force miners to upgrade their equipment and 2020 was no different. The latest generation of mining equipment offers higher efficiency compared to the previous generations. In this Dig...

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  • 23.07.2020

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    The Bridge

    Refraining from COMP valuation

    We acquaint readers with the Compound protocol and its governance token COMP in this edition of the Bridge. We present a framework to think about valuation of COMP and other DeFi governance tokens ear...

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  • 18.07.2020

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    The Digital Regulator

    The inexorable march of Central Bank Digital Currencies

    The steadily growing global interest in Central Bank Digital Currencies (CBDCs) suggests that the official launch of the first CBDC is approaching fast. The Financial Action Task Force (FATF) has revi...

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  • 02.07.2020

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    The Digital Investor

    A new fair-value model for Bitcoin

    In this edition of The Digital Investor, we propose two valuation models for cryptocurrencies. In the first model, we propose an innovative method to price cryptocurrencies in terms of fiat currency. ...

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  • 25.06.2020

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    The Bridge

    A Beginner’s Guide to Blockchain Accounting Standards

    The UTXO and account-based models are the most commonly used accounting standards in blockchain networks. For instance, Bitcoin uses the UTXO based model as its accounting standard, while Ethereum uses the account-based model, also called as account model or balance model.

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  • 11.06.2020

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    The Digital Regulator

    Telegram, or the strategic importance of regulators

    Digital financial businesses often consider regulators as a compliance issue. However, regulators are strategically important for the success of projects. The demise of Telegram is a sad reminder.

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  • 04.06.2020

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    The Bridge

    Beacon chain: Conductor of the ETH 2.0 orchestra

    Ethereum’s journey towards Serenity, its proof of stake version, begins with implementation of beacon chain. This article makes readers understand the role of beacon chain in Ethereum’s ultimate versi...

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  • 04.06.2020

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    The Digital Investor

    Phase 0: One Small Step for Ethereum, One Giant Leap for Decentralised Networks

    Ethereum 2.0, one of the most ambitious and anticipated project in the blockchain industry, is just weeks away from its Phase 0 release. After years of delay, Ethereum is nearly ready to launch the Be...

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  • 14.05.2020

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    The Digital Regulator

    COVID-19 pandemic places digital payment regulation at centre stage

    COVID-19 has renewed the regulatory focus on digital payments, reminding us that digital payment solutions require regulatory certainty.

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  • 07.05.2020

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    The Digital Investor

    Bitcoin halving: The battle of hard and soft money

    Bitcoin halving is just around the corner. In this Digital Investor edition, the first section compares and contrasts halvings of Bitcoin and other assets. The second section invites readers to explor...

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  • 23.04.2020

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    The Bridge

    How Crypto-Asset Wallets Work

    In this edition of The Bridge, we introduce you to different types of encryption techniques and how crypto-asset wallet encryption techniques secure transactions in a blockchain network.

    Read more
  • 16.04.2020

    /

    The Digital Regulator

    Crypto AML: a complex but worthy compliance effort

    The implementation of the global anti-money laundering Travel Rule standard for virtual assets is a daunting compliance task, but once achieved, will boost the credibility of the cryptofinance industr...

    Read more
  • 03.04.2020

    /

    The Digital Investor

    Bitcoin, gold, and coronavirus

    Does bitcoin as outside money stand a chance to weather the coronavirus storm? In this article, we present the empirical analyses of various crises and bitcoin bottoms.

    Read more
  • 22.03.2020

    /

    The Digital Investor

    Bitcoin is dead, long live Bitcoin

    In this special edition of the Digital Investor, we present our take on the recent crash in financial markets. As the Coronavirus took the entire world by storm, financial markets across the board sta...

    Read more
  • 19.03.2020

    /

    The Bridge

    Forks: A double-edged sword

    The Bridge is a publication designed to explain the key concepts behind blockchain and crypto-currencies. If you are unfamiliar with forks, this article is made for you. A fork is the action uses to c...

    Read more
  • 13.03.2020

    /

    The Digital Investor

    Market update: Coronavirus

    As the coronavirus disease spreads, economies slow and global financial market sold off. Bitcoin price has dropped substantially. What does it mean for crypto-currencies?

    Read more
  • 12.03.2020

    /

    The Digital Regulator

    USA once again rejects an ETF on bitcoin

    The US authorities rejected the last pending Bitcoin ETF proposal. The decision further delays the adoption of cryptocurrencies in the USA, evidences the controversial decision-making process and bri...

    Read more
  • 05.03.2020

    /

    The Digital Investor

    Time to Bank on DeFi | DeFi and Open Finance

    DeFi or decentralised finance has been growing at an astonishing pace. Should you participate in it? If you have an appetite for risk, how can you participate? In this edition of the Digital Investor,...

    Read more
  • 20.02.2020

    /

    The Bridge

    Tokenisation: Unlocking value

    Tokenisation of assets is one of the hottest topics in the fintech industry. Many believe in its potential to change the financial world for the better. In this edition of the Bridge, we talk about to...

    Read more
  • 13.02.2020

    /

    The Digital Regulator

    CBDCs & Asset Tokenisation – Digital Regulation in 2020

    Central bank digital currency (CBDC) and tokenisation are dominating regulatory discussions. A wholesale CBDC is likely to come into being in 2020. Widespread asset tokenisation would give rise to num...

    Read more
  • 06.02.2020

    /

    The Digital Investor

    Ethereum 2.0: Where the rubber meets the road

    To achieve the goal of serving as a decentralised platform for all sorts of applications, Ethereum needs to scale. It envisions achieving this by moving from a proof-of-work to proof-of-stake consensu...

    Read more
  • 28.01.2020

    /

    The Digital Investor

    Outlook 2020 | The Future of the Crypto Market

    In this publication we underscore the importance and the current state of digital assets against the backdrop of looming uncertainty in traditional asset classes. In our market outlook, we take the ri...

    Read more
  • 23.01.2020

    /

    The Bridge

    Proof-of-Stake: Have skin in the game

    This edition of the Bridge focuses on staking, a process at the heart of the proof-of-stake consensus mechanism. If this notion is foreign to you, then this article is for you.

    Read more
  • 16.01.2020

    /

    The Digital Regulator

    The Basel Committee: Crypto-asset Regulation

    The Basel Committee on Banking Supervision (BCBS) issued a discussion paper on prudential crypto-assets standard. While the initiative is laudable, the preliminary direction is misguided in our view.

    Read more
  • 09.01.2020

    /

    The Digital Investor

    Bitcoin halving: buy in May and go away?

    Bitcoin halving is arguably the most important known event for the crypto-asset industry in 2020. The third Bitcoin halving is expected to take place in May 2020. Will it help bulls regain control?

    Read more
  • 19.12.2019

    /

    The Bridge

    Crypto Mining: the essence of proof-of-work

    This edition of the Bridge focuses on mining, a process at the heart of the proof-of-work consensus mechanism. If this notion is foreign to you, then this article is for you.

    Read more
  • 11.12.2019

    /

    The Digital Regulator

    Switzerland Boosts DLT/Blockchain Framework Conditions

    The Swiss Federal Council has adopted the dispatch to further improve the DLT/blockchain regulatory framework. Switzerland is consolidating its leading position, reinforcing legal certainty, removing ...

    Read more
  • 05.12.2019

    /

    The Digital Investor

    Fundamental price determinants of crypto assets

    In this month’s Digital Investor, we start to examine a topic that is set to accompany us in the coming years: what are the price determinants of crypto assets? If you are a crypto investor or plan to...

    Read more
  • 21.11.2019

    /

    The Bridge

    Consensus: the truth seeker

    In this edition of “The Bridge,” we will introduce you to the consensus mechanism, a notion at the heart of all blockchain-based systems. It is the mechanism that creates trust in the system by acting...

    Read more
  • 14.11.2019

    /

    The Digital Regulator

    Tackling the Issues of Stable Coins and Digital Money

    International regulators have defined strict authorization criteria for Global Stable Coins (GSC) such as Libra. In the short term, no such coins will go live. They have also made it clear that Centra...

    Read more
  • 07.11.2019

    /

    The Digital Investor

    Are crypto-assets suitable for institutional investors?

    For years, crypto-asset has been a confidential asset class for non-institutional investors. However, we observe growing “institutionalisation”. In this issue of The Digital Investor, we give a broad ...

    Read more
  • 24.10.2019

    /

    The Bridge

    Hello, Crypto World | What is the Blockchain

    Blockchain 101: A simple analogy with a famous board game. Whether you play chess or not, this publication is for you. We invite you to discover the crypto world through the game of chess. Don’t be af...

    Read more
  • 17.10.2019

    /

    The Digital Regulator

    Switzerland tackles stable coins

    The Swiss Financial Market Supervisory Authority (FINMA) published guidelines on stable coins (including Libra), thereby increasing regulatory certainty around these type of projects. The Swiss Nation...

    Read more
  • 11.10.2019

    /

    The Digital Investor

    Crypto assets: An emerging asset class

    What makes crypto assets an attractive addition to an investor’s portfolio? Our analysis shows that a small exposure to crypto assets can enhance portfolio performance for the given level of risk as t...

    Read more
  • 05.09.2019

    /

    The Digital Investor

    Negative yields, cash and cryptocurrencies

    Imagine that in a near future this universe becomes reasonably large and liquid, or in other words, it becomes as mature as other alternative asset classes such as commodities and hedge funds.

    Read more
  • 02.08.2019

    /

    The Digital Investor

    Implications of Litecoin’s reward halving

    In this article, we look at historical examples and draw conclusions regarding reward halving impact on price, mining profitability, transaction fees and network hashrates.

    Read more
  • 05.07.2019

    /

    The Digital Investor

    Enter Project Libra

    We believe Libra to be the most significant blockchain project initiated by a publicly listed multinational corporation since JP Morgan announced JPM coin.

    Read more
Showing 132 of 132
  • 09.08.2024

    /

    The Bridge

    The Quantum Threat to Blockchains

    Explore the myths surrounding quantum computing and its impact on blockchain technology and stay informed about the blockchain security.

    Read more
  • 02.05.2024

    /

    The Bridge

    Artificial Intelligence, Blockchain and Crypto: A Confluence

    Much recently, cryptocurrencies themed around artificial intelligence (AI) were all the rage in crypto.

    Read more
  • 24.01.2024

    /

    The Bridge

    Approval of 11 Spot Bitcoin ETFs: The Dawn of a New Era

    The U.S. Securities and Exchange Commission (SEC) has approved 11 new spot Bitcoin (BTC) Exchange-Traded Funds (ETFs).

    Read more
  • 19.12.2023

    /

    The Bridge

    ESG in Crypto: Building a Responsible and Inclusive Economy

    This piece delves into ESG considerations within the cryptocurrency and digital assets industry, exploring climate impact, financial inclusion, social aspects, illicit activities, and governance.

    Read more
  • 28.09.2023

    /

    The Bridge

    Unveiling Cryptographic Enigmas: The Magic of zkSNARKs and zkSTARKs

    As we continue our voyage from the foundational shores of Zero-Knowledge Proofs (ZKPs), you're about to embark on an expedition of epic proportions. Picture this as a thrilling sequel to our previous adventure, where we uncovered the mysteries of ZKPs.

    Read more
  • 28.08.2023

    /

    The Bridge

    Zero-Knowledge Proofs Explained

    In a world where information is both a valuable asset and a vulnerable liability, a ground-breaking concept has emerged — Zero Knowledge

    Read more
  • 20.07.2023

    /

    The Bridge

    Web 3.0: A Controversial Paradigm Shift or a Technological Mirage?

    Web 3.0, the much-hyped successor to Web 2.0, has sparked fervent debates and divided opinions among tech enthusiasts, economists, and policymakers alike. Proponents hail it as a transformative force,...

    Read more
  • 23.03.2023

    /

    The Bridge

    Digital Custody

    With the rise of digital assets, custody has become an increasingly important service for the safekeeping of cryptocurrencies and other digital assets. This article introduces you to the world of cust...

    Read more
  • 22.09.2022

    /

    The Bridge

    ESG Environment, Social and Governance

    Climate change, social diversity, and ethics are becoming increasingly important in investment decisions. ESG or Environment, Social, and Governance is a general framework to invest ethically and sust...

    Read more
  • 19.05.2022

    /

    The Bridge

    Metaverse

    Humans today have a digital consciousness and an identity that makes our life easy in many ways. Given the consistent increase in average daily time spent online, either work or leisure, and advanceme...

    Read more
  • 03.05.2022

    /

    The Bridge

    Decentralised Autonomous Organisation (DAO)

    A DAO is an alternative to the traditional organisational structure, a potentially better way to coordinate capital and talent almost instantaneously, at scale, from anywhere in the world.

    Read more
  • 19.11.2021

    /

    The Bridge

    Scalability

    The blockchain trilemma states that a perfectly decentralised, secured, and scalable system cannot exist, and trade-offs must be made between these three desirable traits. In this edition of The Bridg...

    Read more
  • 23.09.2021

    /

    The Bridge

    Tokenomics

    Tokenomics describes the role a cryptocurrency plays in a blockchain ecosystem. Understanding the key components of tokenomics is essential in assessing the potential of a project.

    Read more
  • 21.05.2021

    /

    The Bridge

    NFT: A New Fancy Technology

    We uncover the latest trend in the cryptoverse, Non-Fungible Tokens or NFTs. NFTs are often mistaken to be digital art, however, they are not the art or asset itself but the deed or proof-of-ownership...

    Read more
  • 15.04.2021

    /

    The Bridge

    Governance Tokens: Coordinating the human element

    Who is in charge of the code on which blockchains and their applications run? Who runs the multibillion-dollar organisations of the most successful applications? When facing a difficult decision, how ...

    Read more
  • 19.03.2021

    /

    The Bridge

    Decentralised Exchanges – Trustless and Secure

    Centralised Exchanges have played a pivotal role in the crypto asset ecosystem, acting as fiat ramps, custodians, exchange, market makers and VCs, thereby consolidating a lot of power and responsibili...

    Read more
  • 05.02.2021

    /

    The Bridge

    Oracles – The Internet of Blockchains

    Just "knowing thyself" is not sufficient for a smart platform blockchain. Oracles are critical middleware that connect blockchains to the real world unlocking the full potential of platforms chains. T...

    Read more
  • 29.10.2020

    /

    The Bridge

    The Blockchain Trilemma

    The blockchain trilemma refers to the idea that a public blockchain cannot reach the desired level of decentralisation, security, and scalability all at once. In this edition of the Bridge, we introdu...

    Read more
  • 24.09.2020

    /

    The Bridge

    Are blockchains that safe? How to attack and prevent attacks

    In this edition of The Bridge, we explore some well-known attacks which are commonly used to compromise blockchain networks and discuss how consensus mechanisms such as Proof of Stake and Proof of Wor...

    Read more
  • 27.08.2020

    /

    The Bridge

    Classification and importance of nodes in a blockchain network

    In this edition of The Bridge, we explore the role of nodes in blockchain networks and how these different types are required to ensure the validity and security of data.

    Read more
  • 23.07.2020

    /

    The Bridge

    Refraining from COMP valuation

    We acquaint readers with the Compound protocol and its governance token COMP in this edition of the Bridge. We present a framework to think about valuation of COMP and other DeFi governance tokens ear...

    Read more
  • 25.06.2020

    /

    The Bridge

    A Beginner’s Guide to Blockchain Accounting Standards

    The UTXO and account-based models are the most commonly used accounting standards in blockchain networks. For instance, Bitcoin uses the UTXO based model as its accounting standard, while Ethereum uses the account-based model, also called as account model or balance model.

    Read more
  • 04.06.2020

    /

    The Bridge

    Beacon chain: Conductor of the ETH 2.0 orchestra

    Ethereum’s journey towards Serenity, its proof of stake version, begins with implementation of beacon chain. This article makes readers understand the role of beacon chain in Ethereum’s ultimate versi...

    Read more
  • 23.04.2020

    /

    The Bridge

    How Crypto-Asset Wallets Work

    In this edition of The Bridge, we introduce you to different types of encryption techniques and how crypto-asset wallet encryption techniques secure transactions in a blockchain network.

    Read more
  • 19.03.2020

    /

    The Bridge

    Forks: A double-edged sword

    The Bridge is a publication designed to explain the key concepts behind blockchain and crypto-currencies. If you are unfamiliar with forks, this article is made for you. A fork is the action uses to c...

    Read more
  • 20.02.2020

    /

    The Bridge

    Tokenisation: Unlocking value

    Tokenisation of assets is one of the hottest topics in the fintech industry. Many believe in its potential to change the financial world for the better. In this edition of the Bridge, we talk about to...

    Read more
  • 23.01.2020

    /

    The Bridge

    Proof-of-Stake: Have skin in the game

    This edition of the Bridge focuses on staking, a process at the heart of the proof-of-stake consensus mechanism. If this notion is foreign to you, then this article is for you.

    Read more
  • 19.12.2019

    /

    The Bridge

    Crypto Mining: the essence of proof-of-work

    This edition of the Bridge focuses on mining, a process at the heart of the proof-of-work consensus mechanism. If this notion is foreign to you, then this article is for you.

    Read more
  • 21.11.2019

    /

    The Bridge

    Consensus: the truth seeker

    In this edition of “The Bridge,” we will introduce you to the consensus mechanism, a notion at the heart of all blockchain-based systems. It is the mechanism that creates trust in the system by acting...

    Read more
  • 24.10.2019

    /

    The Bridge

    Hello, Crypto World | What is the Blockchain

    Blockchain 101: A simple analogy with a famous board game. Whether you play chess or not, this publication is for you. We invite you to discover the crypto world through the game of chess. Don’t be af...

    Read more
Showing 30 of 30
  • 08.08.2024

    /

    The Digital Investor

    July Jolts Crypto

    In July, the key factors driving the mixed performances in Bitcoin, Ethereum and other cryptocurrencies and SEC's stance on altcoins.

    Read more
  • 04.07.2024

    /

    The Digital Investor

    June’s Crypto Odyssey

    In June, while traditional financial markets flourished, the cryptocurrency markets faced significant challenges.

    Read more
  • 06.06.2024

    /

    The Digital Investor

    The May Crypto Roundup: Big Moves and High Hopes

    Bitcoin continues to consolidate with long-term investors beginning to re-accumulate coins for the first time since December 2023. The month of May saw a market-wide recovery in the last two weeks

    Read more
  • 08.05.2024

    /

    The Digital Investor

    Correcting Course: April’s Crypto Recap

    In April, the crypto market witnessed significant events and developments across various fronts. Total crypto market capitalization declined by 16% over the month. 

    Read more
  • 12.04.2024

    /

    The Digital Investor

    Marching Momentum: BTC, ETH, SOL

    Bitcoin is on the brink of its halving event, amidst a surge in institutional demand, poised to catalyze significant market movements.

    Read more
  • 08.03.2024

    /

    The Digital Investor

    FOMO February

    In February 2024, the cryptocurrency market experienced significant gains, with Bitcoin leading the charge.

    Read more
  • 29.02.2024

    /

    The Digital Investor

    Bitcoin Halving – What You Need to Know

    2024 stands as a pivotal year for Bitcoin. After the first three Halvings Bitcoin prices increased and reached new all-time highs.

    Read more
  • 08.02.2024

    /

    The Digital Investor

    January 2024: Crypto Market Milestones and Insights

    January 2024 saw US GDP and employment numbers that were stronger than expected.

    Read more
  • 11.01.2024

    /

    The Digital Investor

    Crypto Market Outlook 2024

    As we delve into 2024, the crypto, financial, and economic landscapes converge with a tapestry of possibilities.

    Read more
  • 11.12.2023

    /

    The Digital Investor

    November’s Dominance: Crypto Data Digest

    Bitcoin recovered significantly in 2023, surging by about +150% year-to-date, from USD 16,600 to 41,600 at the time of writing. Bitcoin is one of the best-performing assets this year.

    Read more
  • 09.11.2023

    /

    The Digital Investor

    The October Effect: A Strengthening Crypto Market

    The month of October lived up to expectations, maintaining its “Up-tober” reputation.

    Read more
  • 05.10.2023

    /

    The Digital Investor

    Breaking the September Tradition

    Remarkably, September 2023 bucked the trend of historical challenges in the cryptocurrency market, with the overall market cap staying resilient, diverging from the usual "red" month pattern.

    Read more
  • 07.09.2023

    /

    The Digital Investor

    September’s Stellar Crypto Standouts

    As we bid farewell to August, a month that kept the global economy on its toes, it's time to dissect the pivotal developments that have set the stage for what's to come in the world of finance and cryptocurrency.

    Read more
  • 09.08.2023

    /

    The Digital Investor

    July’s Blockchain Marvel

    Welcome to our monthly roundup of the most significant updates shaping the world of economics, blockchain technology, and decentralized finance (DeFi).

    Read more
  • 21.07.2023

    /

    The Digital Investor

    Blockchain Interoperability (Part 3): Polkadot

    Polkadot is a promising project that should interest investors. First, interoperability increases digital asset utilisation, and Polkadot offers all the broadest types of interoperability.

    Read more
  • 21.07.2023

    /

    The Digital Investor

    Bitcoin Valuation – Reloaded

    The rise of institutional investors has increased our bitcoin fair-value to USD 50,000.

    Read more
  • 05.07.2023

    /

    The Digital Investor

    Bitcoin in the Fastlane

    Welcome to July edition of the Digital Investor, where we bring you the most important highlights and updates from the cryptocurrency markets for June 2023. The total crypto market capitalization grew...

    Read more
  • 12.06.2023

    /

    The Digital Investor

    Crypto Market Roundup

    Welcome to June edition of the Digital Investor, where we bring you the most important highlights and updates from the cryptocurrency markets for May 2023. The total crypto market capitalization decli...

    Read more
  • 04.05.2023

    /

    The Digital Investor

    Ethereum Self-sustaining Engine: A Financial Model

    In this edition of the Digital Investor, we take a look at the state of the Bitcoin and Ethereum network. Its focus is a financial model analysis of the Ethereum ecosystem.

    Read more
  • 06.04.2023

    /

    The Digital Investor

    Crypto Defies Adversity

    Major banks collapsed, stablecoins lost their peg, and decentralized apps struggled with bad debts. However, the crypto industry remained strong with active development. Read on for an in-depth analys...

    Read more
  • 09.03.2023

    /

    The Digital Investor

    The Shapella Upgrade

    The Shapella upgrade will take place next month. It will allow stakers to unlock their ethers. The process is not automatic. We explain how to do it and what we expect the price will do. Get ready for...

    Read more
  • 08.02.2023

    /

    The Digital Investor

    From Bear to Bull: Crypto’s Resurgence

    The beginning of 2023 has been positive for risk assets, including stocks and cryptocurrencies. This is due to a convergence of factors, such as decelerating inflation and oversold conditions in these...

    Read more
  • 12.01.2023

    /

    The Digital Investor

    Digital Assets 2022: A Retrospective

    Some analysts are predicting further declines in the S&P 500 in the first half of 2023, followed by a potential buying opportunity before the Federal Reserve starts cutting rates in 2024 to support th...

    Read more
  • 09.12.2022

    /

    The Digital Investor

    Outlook 2023

    2022 was a rough year for crypto. Events like the Terra (LUNA) crash, the losses on Celsius, the Three Arrows Capital implosion, and of course, the FTX-Alameda collapse, each took the market to where ...

    Read more
  • 03.11.2022

    /

    The Digital Investor

    Nearing Inflexion

    Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

    Read more
  • 08.09.2022

    /

    The Digital Investor

    Markets Chase Liquidity

    Macro headwinds dominate cryptocurrencies as central banks tighten monetary conditions. Bitcoin is closely correlated with USD liquidity. As the Fed started quantitative tightening on 1 September, pre...

    Read more
  • 04.08.2022

    /

    The Digital Investor

    Ethereum Leading Market Recovery

    After the prolonged downward trend of cryptocurrency prices for almost all months this year, July 2022 has been the time of recovery for the crypto markets. The total market cap increased by 24%, and ...

    Read more
  • 07.07.2022

    /

    The Digital Investor

    The Great Capitulation

    We remain cautious in our approach, preferring Bitcoin and Ethereum over alternative smart contract platforms and decentralised finance or metaverse tokens. High cost-push inflation figures and slow g...

    Read more
  • 10.06.2022

    /

    The Digital Investor

    Are we in crypto winter?

    We continue to navigate the crypto market cautiously, with a preference for low beta coins such as bitcoin and ether. As prices have declined massively in May in the wake of the Terra debacle, draggi...

    Read more
  • 06.05.2022

    /

    The Digital Investor

    Cautiously Navigating Crypto

    The overall crypto market capitalisation declined by approx. 20% last month, given the uncertainties caused by rising inflation, rate hikes, geopolitics, and Covid-19 restrictions. While good fundamen...

    Read more
  • 07.04.2022

    /

    The Digital Investor

    Strong Fundamentals Enabling Growth

    Last month, digital assets and equities did well. Bitcoin price increased by 22%, ether by 38%, and the Decentralised Finance (DeFi) token AAVE jumped as much as 100%. The current high inflation scen...

    Read more
  • 07.03.2022

    /

    The Digital Investor

    War & inflation

    Last month, digital asset prices have been hit twice. First, the rise of inflation coupled with rising expectation of a first Fed hike mid-March negatively impacted the price of bonds, and risky asset...

    Read more
  • 14.02.2022

    /

    The Digital Investor

    Building Through The Bear

    Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

    Read more
  • 03.02.2022

    /

    The Digital Investor

    Expectation Adjustment

    Macroeconomic headwinds weighed heavily on bitcoin and the whole cryptoverse in January. According to the AMINAX® Index, an index made of a selection of blue-chip cryptocurrencies, the crypto market dr...

    Read more
  • 07.01.2022

    /

    The Digital Investor

    Crypto 2022: The wheel turns

    Crypto is at a crucial juncture where it must deliver on its high expectations even under macroeconomic uncertainty.

    Read more
  • 09.12.2021

    /

    The Digital Investor

    Fundamental certainties amid macro uncertainties

    November started strong but macroeconomic factors slowed the progress of the crypto bull market.

    Read more
  • 04.11.2021

    /

    The Digital Investor

    New Highs

    In this edition of the New Digital Investor, we celebrate the new highs made by the crypto markets in October and discuss the events that led up to it. We attempt to answer the most pertinent question...

    Read more
  • 07.10.2021

    /

    The Digital Investor

    Scaling New Heights

    September was a tumultuous month as good and bad news alternated. In the same month, bitcoin became legal tender in one country while another country banned all trading activities. In our view, bitcoi...

    Read more
  • 09.09.2021

    /

    The Digital Investor

    It Pays to be Smart

    In the previous edition of The Digital Investor, we noted that platform chains had significant developmental upgrades coming up while Bitcoin's on-chain fundamentals looked weak. Over the past month, ...

    Read more
  • 05.08.2021

    /

    The Digital Investor

    Untangling the chain from the price

    Crypto markets struggled through most of July but managed to close on a strong note, up by almost 13%. With the increase in prices, market sentiment has also buoyed. We present an analysis of the on-c...

    Read more
  • 06.07.2021

    /

    The Digital Investor

    The New Digital Investor

    This new publication will shed light on cryptoassets as an emerging asset class and its fundamental drivers. We hope you will enjoy reading this publication and that you will find it helpful in unders...

    Read more
  • 02.06.2021

    /

    The Digital Investor

    Yearn Finance – Decentralised Asset Management

    In this edition of Digital Investor, we cover the largest decentralised asset management protocol, Yearn Finance. We cover its fair launch, the value drivers for the token, its moat and significant pr...

    Read more
  • 06.05.2021

    /

    The Digital Investor

    Synthetix – a platform to issue and trade synthetic assets

    This digital investor explores the Synthetix protocol, its upcoming changes, and how it stacks up against other DeFi protocols in terms of valuation. The article dives into the mechanics of the protoc...

    Read more
  • 21.04.2021

    /

    The Digital Investor

    Bitcoin is not my lover

    Gold 2.0 or tokenised thin air? Critics say it is not money, slow, costly, energy-intensive and for criminals. Believers say bitcoin is the future. Bitcoin polarises view. One thing is sure; everyone ...

    Read more
  • 18.03.2021

    /

    The Digital Investor

    DEXes – from market making to valuations

    This Digital Investor builds on concepts explained in The Bridge and analyses the landscape of decentralised exchanges (DEXes) for investors, from market making to different players. The first section...

    Read more
  • 04.02.2021

    /

    The Digital Investor

    Decentralised Oracles: Chainlink

    Oracles are a critical middleware for smart contracts. We evaluate the need for decentralised oracles and how Chainlink is poised to accrue value as the oracles space grows.

    Read more
  • 18.01.2021

    /

    The Digital Investor

    Portfolio diversification: The contribution of digital assets

    Allocating digital assets in a portfolio can double the Sharpe ratio. Read the Digital Investor to understand the diversification potential of the digital asset class.

    Read more
  • 03.12.2020

    /

    The Digital Investor

    Blockchain Interoperability (Part 2): THORchain

    Interoperability helps investors to increase the utilisation of their digital assets. This Digital Investor shows how THORchain facilitates better asset utilisation and dive into different factors cen...

    Read more
  • 05.11.2020

    /

    The Digital Investor

    Blockchain Interoperability: Towards a Connected Future

    Interoperability has the potential to create plumbing for the internet of value by connecting blockchains. Learn more about the challenges, the solutions, and the opportunities.

    Read more
  • 15.10.2020

    /

    The Digital Investor

    DeFi Investment Strategies: A Performance Review

    In this edition of The Digital Investor, we evaluate the performance of different DeFi portfolios. We test three different approaches – hold ETH as it is the major asset that gives exposure to DeFi, b...

    Read more
  • 14.09.2020

    /

    The Digital Investor

    DeFi: What happens when the music stops?

    In this digital investor, we examine the latest crypto market developments. We compare the 2017-2018 ICOs wave with the current DeFi wave and investigate the sustainability of the liquidity mining tre...

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  • 13.08.2020

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    The Digital Investor

    Bitcoin Mining as a Business

    Bitcoin halvings force miners to upgrade their equipment and 2020 was no different. The latest generation of mining equipment offers higher efficiency compared to the previous generations. In this Dig...

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  • 02.07.2020

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    The Digital Investor

    A new fair-value model for Bitcoin

    In this edition of The Digital Investor, we propose two valuation models for cryptocurrencies. In the first model, we propose an innovative method to price cryptocurrencies in terms of fiat currency. ...

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  • 04.06.2020

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    The Digital Investor

    Phase 0: One Small Step for Ethereum, One Giant Leap for Decentralised Networks

    Ethereum 2.0, one of the most ambitious and anticipated project in the blockchain industry, is just weeks away from its Phase 0 release. After years of delay, Ethereum is nearly ready to launch the Be...

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  • 07.05.2020

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    The Digital Investor

    Bitcoin halving: The battle of hard and soft money

    Bitcoin halving is just around the corner. In this Digital Investor edition, the first section compares and contrasts halvings of Bitcoin and other assets. The second section invites readers to explor...

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  • 03.04.2020

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    The Digital Investor

    Bitcoin, gold, and coronavirus

    Does bitcoin as outside money stand a chance to weather the coronavirus storm? In this article, we present the empirical analyses of various crises and bitcoin bottoms.

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  • 22.03.2020

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    The Digital Investor

    Bitcoin is dead, long live Bitcoin

    In this special edition of the Digital Investor, we present our take on the recent crash in financial markets. As the Coronavirus took the entire world by storm, financial markets across the board sta...

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  • 13.03.2020

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    The Digital Investor

    Market update: Coronavirus

    As the coronavirus disease spreads, economies slow and global financial market sold off. Bitcoin price has dropped substantially. What does it mean for crypto-currencies?

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  • 05.03.2020

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    The Digital Investor

    Time to Bank on DeFi | DeFi and Open Finance

    DeFi or decentralised finance has been growing at an astonishing pace. Should you participate in it? If you have an appetite for risk, how can you participate? In this edition of the Digital Investor,...

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  • 06.02.2020

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    The Digital Investor

    Ethereum 2.0: Where the rubber meets the road

    To achieve the goal of serving as a decentralised platform for all sorts of applications, Ethereum needs to scale. It envisions achieving this by moving from a proof-of-work to proof-of-stake consensu...

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  • 28.01.2020

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    The Digital Investor

    Outlook 2020 | The Future of the Crypto Market

    In this publication we underscore the importance and the current state of digital assets against the backdrop of looming uncertainty in traditional asset classes. In our market outlook, we take the ri...

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  • 09.01.2020

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    The Digital Investor

    Bitcoin halving: buy in May and go away?

    Bitcoin halving is arguably the most important known event for the crypto-asset industry in 2020. The third Bitcoin halving is expected to take place in May 2020. Will it help bulls regain control?

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  • 05.12.2019

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    The Digital Investor

    Fundamental price determinants of crypto assets

    In this month’s Digital Investor, we start to examine a topic that is set to accompany us in the coming years: what are the price determinants of crypto assets? If you are a crypto investor or plan to...

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  • 07.11.2019

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    The Digital Investor

    Are crypto-assets suitable for institutional investors?

    For years, crypto-asset has been a confidential asset class for non-institutional investors. However, we observe growing “institutionalisation”. In this issue of The Digital Investor, we give a broad ...

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  • 11.10.2019

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    The Digital Investor

    Crypto assets: An emerging asset class

    What makes crypto assets an attractive addition to an investor’s portfolio? Our analysis shows that a small exposure to crypto assets can enhance portfolio performance for the given level of risk as t...

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  • 05.09.2019

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    The Digital Investor

    Negative yields, cash and cryptocurrencies

    Imagine that in a near future this universe becomes reasonably large and liquid, or in other words, it becomes as mature as other alternative asset classes such as commodities and hedge funds.

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  • 02.08.2019

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    The Digital Investor

    Implications of Litecoin’s reward halving

    In this article, we look at historical examples and draw conclusions regarding reward halving impact on price, mining profitability, transaction fees and network hashrates.

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  • 05.07.2019

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    The Digital Investor

    Enter Project Libra

    We believe Libra to be the most significant blockchain project initiated by a publicly listed multinational corporation since JP Morgan announced JPM coin.

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Showing 68 of 68
  • 15.09.2022

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    The Digital Regulator

    The development of cryptofinance regulation – National focus

    The last five years have witnessed a rapid development of cryptofinance regulation. Initially, it reacted to, and framed, innovative practices. Then, it has broadly supported the development of crypto...

    Read more
  • 11.08.2022

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    The Digital Regulator

    The Basel Framework and Cryptoassets: Finishing Line?

    The second Basel Committee consultative document on the prudential treatment of cryptoasset exposures is very comprehensive and suggests that the 3-year long gestation may soon come to an end. Materia...

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  • 16.07.2022

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    The Digital Regulator

    Crypto and Illicit Finance

    There is no consensus regarding the proportion of illicit finance carried out through cryptofinance. Time series support the view that licit cryptocurrency transactions are growing much faster than il...

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  • 14.07.2022

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    The Digital Regulator

    Stablecoins & Regulation: Quo vadis?

    Regulators have acknowledged the use cases and highlighted the risks of stablecoins since 2019. The reactions that have followed the TerraUSD (UST) fallout in May 2022 suggest that asset-backed stable...

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  • 12.05.2022

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    The Digital Regulator

    The Regulatory Impact of the Ukrainian War

    Early concerns that the use of cryptoassets might undermine the effectiveness of sanctions have turned out to be overrated, due to the structure of crypto markets and compliance efforts by exchanges. ...

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  • 14.04.2022

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    The Digital Regulator

    The Day the US Endorsed Cryptofinance

    On 9 March 2022, the White House issued a Presidential Executive Order that formalizes the top-down, federal-wide, adoption framework for cryptofinance in the US. This watershed milestone had a long g...

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  • 10.03.2022

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    The Digital Regulator

    Are cryptoassets systemically relevant?

    The steady adoption of cryptoassets, and their recent all-time high capitalisation level, has raised again the issue of whether cryptoassets pose a systemic risk to the financial system. International...

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  • 10.02.2022

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    The Digital Regulator

    Metaverse and regulation

    Confronted with the rapid expansion of the Metaverse, regulators face the challenge to promote this new marketplace sustainably by mitigating old and new risks to consumers, ensuring fair competition ...

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  • 14.01.2022

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    The Digital Regulator

    Will 2022 deliver a unified US federal approach to crypto regulation?

    The regulatory work initiated by US authorities in 2021 should give rise to a federal cryptofinance framework in 2022. The expectation is a framework supportive of sustainable cryptofinance that may i...

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  • 16.12.2021

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    The Digital Regulator

    Bitcoin ETF: Substance over form, please

    On 15 October 2021, the Securities and Exchange Commission (SEC) of the United States allowed trading in the ProShares bitcoin futures Exchange Traded Fund (ETF). On 12 November 2021, the SEC rejected...

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  • 11.11.2021

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    The Digital Regulator

    Promotion of sustainable ‘cryptoization’ by global standard setters

    In October 2021, global standard setters issued several policy recommendations to handle the buoyancy in cryptocurrency adoption, the use of stablecoins, and the risks posed by thriving decentralised ...

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  • 14.10.2021

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    The Digital Regulator

    China bans; the US doesn’t: Crypto wins

    Global superpowers, China and the US, debate cryptocurrencies and take opposing positions, making international headlines. Considering the broader context, cryptocurrencies win.

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  • 16.09.2021

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    The Digital Regulator

    The DeFi Regulatory Challenge

    Decentralised Finance (DeFi) generates benefits and is growing in importance. A regulatory endorsement is crucial for mass adoption. This might be achieved through the constructive cooperation between...

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  • 12.08.2021

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    The Digital Regulator

    Cross-border challenges of a Central Bank Digital Currency and Global Stablecoins

    Developing and implementing a Central Bank Digital Currency (CBDC)-based cross-border payment system is a daunting task. The launch of a Global Stablecoin (GSC) in a regulatory-controlled environment ...

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  • 15.07.2021

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    The Digital Regulator

    Basel Committee Consultation: A Prudential Treatment of Banks’ Cryptoasset Exposure

    The Basel Committee recognises the ineluctability of asset tokenisation, but proposes to subject exposure to bitcoin, ether, utility tokens, DeFi tokens, and other network coins to a one-size-fits-all...

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  • 10.06.2021

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    The Digital Regulator

    Cryptocurrency Markets and Regulators – What to expect

    The US regulators are contemplating action in the wake of recent market developments. A regulatory upgrade is required to promote institutional-grade cryptofinance.

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  • 12.05.2021

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    The Digital Regulator

    FATF and DeFi: Further thinking is required

    The updates proposed by the Financial Action Task Force (FATF) to its Guidance on the risk-based approach to virtual assets are not conducive to the development of sustainable Decentralised Finance (D...

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  • 08.04.2021

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    The Digital Regulator

    Regulatory uncertainty in cryptofinance

    Unlike traditional finance, cryptofinance involves a high degree of regulatory uncertainty. Market participants hedge this risk by operating in jurisdictions characterised by developed and stable regu...

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  • 11.03.2021

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    The Digital Regulator

    Illicit use of cryptocurrencies – Regulatory and market evidence

    Regulators have feared and combated the illicit use of cryptocurrencies since bitcoin was born. The adoption and regulation of cryptocurrencies is leading to less illicit transactions.

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  • 11.02.2021

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    The Digital Regulator

    The UK tackles stablecoins

    The UK is the third jurisdiction to address stablecoins after Switzerland and the EU.

    Read more
  • 14.01.2021

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    The Digital Regulator

    Seven regulatory developments for 2021

    In this Digital Regulator, we propose seven regulatory developments that are likely to shape cryptofinance in 2021.

    Read more
  • 10.12.2020

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    The Digital Regulator

    Swiss DLT regulatory framework implementation

    The ongoing consultation on the ordinance in the distributed ledger technologies (DLTs) space is the last step in providing Switzerland with a comprehensive and globally unrivalled DLT regulatory fram...

    Read more
  • 12.11.2020

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    The Digital Regulator

    EU pilot regime for DLT-based market infrastructure

    The EU takes a circumspect approach regarding DLT-based market infrastructure despite recognising that no primary market can thrive without a secondary market.

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  • 22.10.2020

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    The Digital Regulator

    The proposed EU framework for crypto-assets

    The EU tackles fragmentation and creates legal certainty by extending the regulatory perimeter to crypto-asset issuers and service providers. Implementation by 2024.

    Read more
  • 17.09.2020

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    The Digital Regulator

    Which crypto-asset regulation for the European Union?

    In recent years, several European Union (EU) member states have developed their own crypto-asset regulations. The EU is now poised to introduce a single market regulation for crypto-assets.

    Read more
  • 20.08.2020

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    The Digital Regulator

    The regulatory endorsement of global stablecoins (GSCs)

    Facebook unveiled project Libra in June 2019. A fundamental regulatory uncertainty regarding the future of GSCs followed. In July 2020, GSCs received a fundamental regulatory endorsement.

    Read more
  • 18.07.2020

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    The Digital Regulator

    The inexorable march of Central Bank Digital Currencies

    The steadily growing global interest in Central Bank Digital Currencies (CBDCs) suggests that the official launch of the first CBDC is approaching fast. The Financial Action Task Force (FATF) has revi...

    Read more
  • 11.06.2020

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    The Digital Regulator

    Telegram, or the strategic importance of regulators

    Digital financial businesses often consider regulators as a compliance issue. However, regulators are strategically important for the success of projects. The demise of Telegram is a sad reminder.

    Read more
  • 14.05.2020

    /

    The Digital Regulator

    COVID-19 pandemic places digital payment regulation at centre stage

    COVID-19 has renewed the regulatory focus on digital payments, reminding us that digital payment solutions require regulatory certainty.

    Read more
  • 16.04.2020

    /

    The Digital Regulator

    Crypto AML: a complex but worthy compliance effort

    The implementation of the global anti-money laundering Travel Rule standard for virtual assets is a daunting compliance task, but once achieved, will boost the credibility of the cryptofinance industr...

    Read more
  • 12.03.2020

    /

    The Digital Regulator

    USA once again rejects an ETF on bitcoin

    The US authorities rejected the last pending Bitcoin ETF proposal. The decision further delays the adoption of cryptocurrencies in the USA, evidences the controversial decision-making process and bri...

    Read more
  • 13.02.2020

    /

    The Digital Regulator

    CBDCs & Asset Tokenisation – Digital Regulation in 2020

    Central bank digital currency (CBDC) and tokenisation are dominating regulatory discussions. A wholesale CBDC is likely to come into being in 2020. Widespread asset tokenisation would give rise to num...

    Read more
  • 16.01.2020

    /

    The Digital Regulator

    The Basel Committee: Crypto-asset Regulation

    The Basel Committee on Banking Supervision (BCBS) issued a discussion paper on prudential crypto-assets standard. While the initiative is laudable, the preliminary direction is misguided in our view.

    Read more
  • 11.12.2019

    /

    The Digital Regulator

    Switzerland Boosts DLT/Blockchain Framework Conditions

    The Swiss Federal Council has adopted the dispatch to further improve the DLT/blockchain regulatory framework. Switzerland is consolidating its leading position, reinforcing legal certainty, removing ...

    Read more
  • 14.11.2019

    /

    The Digital Regulator

    Tackling the Issues of Stable Coins and Digital Money

    International regulators have defined strict authorization criteria for Global Stable Coins (GSC) such as Libra. In the short term, no such coins will go live. They have also made it clear that Centra...

    Read more
  • 17.10.2019

    /

    The Digital Regulator

    Switzerland tackles stable coins

    The Swiss Financial Market Supervisory Authority (FINMA) published guidelines on stable coins (including Libra), thereby increasing regulatory certainty around these type of projects. The Swiss Nation...

    Read more
Showing 36 of 36

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      November’s Dominance: Crypto Data Digest

      Bitcoin recovered significantly in 2023, surging by about +150% year-to-date, from USD 16,600 to 41,600 at the time of writing. Bitcoin is one of the best-performing assets this year.

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      The October Effect: A Strengthening Crypto Market

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      Breaking the September Tradition

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    • 28.09.2023

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      The Bridge

      Unveiling Cryptographic Enigmas: The Magic of zkSNARKs and zkSTARKs

      As we continue our voyage from the foundational shores of Zero-Knowledge Proofs (ZKPs), you're about to embark on an expedition of epic proportions. Picture this as a thrilling sequel to our previous adventure, where we uncovered the mysteries of ZKPs.

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      September’s Stellar Crypto Standouts

      As we bid farewell to August, a month that kept the global economy on its toes, it's time to dissect the pivotal developments that have set the stage for what's to come in the world of finance and cryptocurrency.

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      Blockchain Interoperability (Part 3): Polkadot

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      Bitcoin Valuation – Reloaded

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      The Digital Investor

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      The regulatory work initiated by US authorities in 2021 should give rise to a federal cryptofinance framework in 2022. The expectation is a framework supportive of sustainable cryptofinance that may i...

      Read more
    • 07.01.2022

      /

      The Digital Investor

      Crypto 2022: The wheel turns

      Crypto is at a crucial juncture where it must deliver on its high expectations even under macroeconomic uncertainty.

      Read more
    • 16.12.2021

      /

      The Digital Regulator

      Bitcoin ETF: Substance over form, please

      On 15 October 2021, the Securities and Exchange Commission (SEC) of the United States allowed trading in the ProShares bitcoin futures Exchange Traded Fund (ETF). On 12 November 2021, the SEC rejected...

      Read more
    • 09.12.2021

      /

      The Digital Investor

      Fundamental certainties amid macro uncertainties

      November started strong but macroeconomic factors slowed the progress of the crypto bull market.

      Read more
    • 19.11.2021

      /

      The Bridge

      Scalability

      The blockchain trilemma states that a perfectly decentralised, secured, and scalable system cannot exist, and trade-offs must be made between these three desirable traits. In this edition of The Bridg...

      Read more
    • 11.11.2021

      /

      The Digital Regulator

      Promotion of sustainable ‘cryptoization’ by global standard setters

      In October 2021, global standard setters issued several policy recommendations to handle the buoyancy in cryptocurrency adoption, the use of stablecoins, and the risks posed by thriving decentralised ...

      Read more
    • 04.11.2021

      /

      The Digital Investor

      New Highs

      In this edition of the New Digital Investor, we celebrate the new highs made by the crypto markets in October and discuss the events that led up to it. We attempt to answer the most pertinent question...

      Read more
    • 14.10.2021

      /

      The Digital Regulator

      China bans; the US doesn’t: Crypto wins

      Global superpowers, China and the US, debate cryptocurrencies and take opposing positions, making international headlines. Considering the broader context, cryptocurrencies win.

      Read more
    • 07.10.2021

      /

      The Digital Investor

      Scaling New Heights

      September was a tumultuous month as good and bad news alternated. In the same month, bitcoin became legal tender in one country while another country banned all trading activities. In our view, bitcoi...

      Read more
    • 23.09.2021

      /

      The Bridge

      Tokenomics

      Tokenomics describes the role a cryptocurrency plays in a blockchain ecosystem. Understanding the key components of tokenomics is essential in assessing the potential of a project.

      Read more
    • 16.09.2021

      /

      The Digital Regulator

      The DeFi Regulatory Challenge

      Decentralised Finance (DeFi) generates benefits and is growing in importance. A regulatory endorsement is crucial for mass adoption. This might be achieved through the constructive cooperation between...

      Read more
    • 09.09.2021

      /

      The Digital Investor

      It Pays to be Smart

      In the previous edition of The Digital Investor, we noted that platform chains had significant developmental upgrades coming up while Bitcoin's on-chain fundamentals looked weak. Over the past month, ...

      Read more
    • 12.08.2021

      /

      The Digital Regulator

      Cross-border challenges of a Central Bank Digital Currency and Global Stablecoins

      Developing and implementing a Central Bank Digital Currency (CBDC)-based cross-border payment system is a daunting task. The launch of a Global Stablecoin (GSC) in a regulatory-controlled environment ...

      Read more
    • 05.08.2021

      /

      The Digital Investor

      Untangling the chain from the price

      Crypto markets struggled through most of July but managed to close on a strong note, up by almost 13%. With the increase in prices, market sentiment has also buoyed. We present an analysis of the on-c...

      Read more
    • 15.07.2021

      /

      The Digital Regulator

      Basel Committee Consultation: A Prudential Treatment of Banks’ Cryptoasset Exposure

      The Basel Committee recognises the ineluctability of asset tokenisation, but proposes to subject exposure to bitcoin, ether, utility tokens, DeFi tokens, and other network coins to a one-size-fits-all...

      Read more
    • 06.07.2021

      /

      The Digital Investor

      The New Digital Investor

      This new publication will shed light on cryptoassets as an emerging asset class and its fundamental drivers. We hope you will enjoy reading this publication and that you will find it helpful in unders...

      Read more
    • 10.06.2021

      /

      The Digital Regulator

      Cryptocurrency Markets and Regulators – What to expect

      The US regulators are contemplating action in the wake of recent market developments. A regulatory upgrade is required to promote institutional-grade cryptofinance.

      Read more
    • 02.06.2021

      /

      The Digital Investor

      Yearn Finance – Decentralised Asset Management

      In this edition of Digital Investor, we cover the largest decentralised asset management protocol, Yearn Finance. We cover its fair launch, the value drivers for the token, its moat and significant pr...

      Read more
    • 21.05.2021

      /

      The Bridge

      NFT: A New Fancy Technology

      We uncover the latest trend in the cryptoverse, Non-Fungible Tokens or NFTs. NFTs are often mistaken to be digital art, however, they are not the art or asset itself but the deed or proof-of-ownership...

      Read more
    • 12.05.2021

      /

      The Digital Regulator

      FATF and DeFi: Further thinking is required

      The updates proposed by the Financial Action Task Force (FATF) to its Guidance on the risk-based approach to virtual assets are not conducive to the development of sustainable Decentralised Finance (D...

      Read more
    • 06.05.2021

      /

      The Digital Investor

      Synthetix – a platform to issue and trade synthetic assets

      This digital investor explores the Synthetix protocol, its upcoming changes, and how it stacks up against other DeFi protocols in terms of valuation. The article dives into the mechanics of the protoc...

      Read more
    • 21.04.2021

      /

      The Digital Investor

      Bitcoin is not my lover

      Gold 2.0 or tokenised thin air? Critics say it is not money, slow, costly, energy-intensive and for criminals. Believers say bitcoin is the future. Bitcoin polarises view. One thing is sure; everyone ...

      Read more
    • 15.04.2021

      /

      The Bridge

      Governance Tokens: Coordinating the human element

      Who is in charge of the code on which blockchains and their applications run? Who runs the multibillion-dollar organisations of the most successful applications? When facing a difficult decision, how ...

      Read more
    • 08.04.2021

      /

      The Digital Regulator

      Regulatory uncertainty in cryptofinance

      Unlike traditional finance, cryptofinance involves a high degree of regulatory uncertainty. Market participants hedge this risk by operating in jurisdictions characterised by developed and stable regu...

      Read more
    • 19.03.2021

      /

      The Bridge

      Decentralised Exchanges – Trustless and Secure

      Centralised Exchanges have played a pivotal role in the crypto asset ecosystem, acting as fiat ramps, custodians, exchange, market makers and VCs, thereby consolidating a lot of power and responsibili...

      Read more
    • 18.03.2021

      /

      The Digital Investor

      DEXes – from market making to valuations

      This Digital Investor builds on concepts explained in The Bridge and analyses the landscape of decentralised exchanges (DEXes) for investors, from market making to different players. The first section...

      Read more
    • 11.03.2021

      /

      The Digital Regulator

      Illicit use of cryptocurrencies – Regulatory and market evidence

      Regulators have feared and combated the illicit use of cryptocurrencies since bitcoin was born. The adoption and regulation of cryptocurrencies is leading to less illicit transactions.

      Read more
    • 11.02.2021

      /

      The Digital Regulator

      The UK tackles stablecoins

      The UK is the third jurisdiction to address stablecoins after Switzerland and the EU.

      Read more
    • 05.02.2021

      /

      The Bridge

      Oracles – The Internet of Blockchains

      Just "knowing thyself" is not sufficient for a smart platform blockchain. Oracles are critical middleware that connect blockchains to the real world unlocking the full potential of platforms chains. T...

      Read more
    • 04.02.2021

      /

      The Digital Investor

      Decentralised Oracles: Chainlink

      Oracles are a critical middleware for smart contracts. We evaluate the need for decentralised oracles and how Chainlink is poised to accrue value as the oracles space grows.

      Read more
    • 18.01.2021

      /

      The Digital Investor

      Portfolio diversification: The contribution of digital assets

      Allocating digital assets in a portfolio can double the Sharpe ratio. Read the Digital Investor to understand the diversification potential of the digital asset class.

      Read more
    • 14.01.2021

      /

      The Digital Regulator

      Seven regulatory developments for 2021

      In this Digital Regulator, we propose seven regulatory developments that are likely to shape cryptofinance in 2021.

      Read more
    • 10.12.2020

      /

      The Digital Regulator

      Swiss DLT regulatory framework implementation

      The ongoing consultation on the ordinance in the distributed ledger technologies (DLTs) space is the last step in providing Switzerland with a comprehensive and globally unrivalled DLT regulatory fram...

      Read more
    • 03.12.2020

      /

      The Digital Investor

      Blockchain Interoperability (Part 2): THORchain

      Interoperability helps investors to increase the utilisation of their digital assets. This Digital Investor shows how THORchain facilitates better asset utilisation and dive into different factors cen...

      Read more
    • 12.11.2020

      /

      The Digital Regulator

      EU pilot regime for DLT-based market infrastructure

      The EU takes a circumspect approach regarding DLT-based market infrastructure despite recognising that no primary market can thrive without a secondary market.

      Read more
    • 05.11.2020

      /

      The Digital Investor

      Blockchain Interoperability: Towards a Connected Future

      Interoperability has the potential to create plumbing for the internet of value by connecting blockchains. Learn more about the challenges, the solutions, and the opportunities.

      Read more
    • 29.10.2020

      /

      The Bridge

      The Blockchain Trilemma

      The blockchain trilemma refers to the idea that a public blockchain cannot reach the desired level of decentralisation, security, and scalability all at once. In this edition of the Bridge, we introdu...

      Read more
    • 22.10.2020

      /

      The Digital Regulator

      The proposed EU framework for crypto-assets

      The EU tackles fragmentation and creates legal certainty by extending the regulatory perimeter to crypto-asset issuers and service providers. Implementation by 2024.

      Read more
    • 15.10.2020

      /

      The Digital Investor

      DeFi Investment Strategies: A Performance Review

      In this edition of The Digital Investor, we evaluate the performance of different DeFi portfolios. We test three different approaches – hold ETH as it is the major asset that gives exposure to DeFi, b...

      Read more
    • 24.09.2020

      /

      The Bridge

      Are blockchains that safe? How to attack and prevent attacks

      In this edition of The Bridge, we explore some well-known attacks which are commonly used to compromise blockchain networks and discuss how consensus mechanisms such as Proof of Stake and Proof of Wor...

      Read more
    • 17.09.2020

      /

      The Digital Regulator

      Which crypto-asset regulation for the European Union?

      In recent years, several European Union (EU) member states have developed their own crypto-asset regulations. The EU is now poised to introduce a single market regulation for crypto-assets.

      Read more
    • 14.09.2020

      /

      The Digital Investor

      DeFi: What happens when the music stops?

      In this digital investor, we examine the latest crypto market developments. We compare the 2017-2018 ICOs wave with the current DeFi wave and investigate the sustainability of the liquidity mining tre...

      Read more
    • 27.08.2020

      /

      The Bridge

      Classification and importance of nodes in a blockchain network

      In this edition of The Bridge, we explore the role of nodes in blockchain networks and how these different types are required to ensure the validity and security of data.

      Read more
    • 20.08.2020

      /

      The Digital Regulator

      The regulatory endorsement of global stablecoins (GSCs)

      Facebook unveiled project Libra in June 2019. A fundamental regulatory uncertainty regarding the future of GSCs followed. In July 2020, GSCs received a fundamental regulatory endorsement.

      Read more
    • 13.08.2020

      /

      The Digital Investor

      Bitcoin Mining as a Business

      Bitcoin halvings force miners to upgrade their equipment and 2020 was no different. The latest generation of mining equipment offers higher efficiency compared to the previous generations. In this Dig...

      Read more
    • 23.07.2020

      /

      The Bridge

      Refraining from COMP valuation

      We acquaint readers with the Compound protocol and its governance token COMP in this edition of the Bridge. We present a framework to think about valuation of COMP and other DeFi governance tokens ear...

      Read more
    • 18.07.2020

      /

      The Digital Regulator

      The inexorable march of Central Bank Digital Currencies

      The steadily growing global interest in Central Bank Digital Currencies (CBDCs) suggests that the official launch of the first CBDC is approaching fast. The Financial Action Task Force (FATF) has revi...

      Read more
    • 02.07.2020

      /

      The Digital Investor

      A new fair-value model for Bitcoin

      In this edition of The Digital Investor, we propose two valuation models for cryptocurrencies. In the first model, we propose an innovative method to price cryptocurrencies in terms of fiat currency. ...

      Read more
    • 25.06.2020

      /

      The Bridge

      A Beginner’s Guide to Blockchain Accounting Standards

      The UTXO and account-based models are the most commonly used accounting standards in blockchain networks. For instance, Bitcoin uses the UTXO based model as its accounting standard, while Ethereum uses the account-based model, also called as account model or balance model.

      Read more
    • 11.06.2020

      /

      The Digital Regulator

      Telegram, or the strategic importance of regulators

      Digital financial businesses often consider regulators as a compliance issue. However, regulators are strategically important for the success of projects. The demise of Telegram is a sad reminder.

      Read more
    • 04.06.2020

      /

      The Bridge

      Beacon chain: Conductor of the ETH 2.0 orchestra

      Ethereum’s journey towards Serenity, its proof of stake version, begins with implementation of beacon chain. This article makes readers understand the role of beacon chain in Ethereum’s ultimate versi...

      Read more
    • 04.06.2020

      /

      The Digital Investor

      Phase 0: One Small Step for Ethereum, One Giant Leap for Decentralised Networks

      Ethereum 2.0, one of the most ambitious and anticipated project in the blockchain industry, is just weeks away from its Phase 0 release. After years of delay, Ethereum is nearly ready to launch the Be...

      Read more
    • 14.05.2020

      /

      The Digital Regulator

      COVID-19 pandemic places digital payment regulation at centre stage

      COVID-19 has renewed the regulatory focus on digital payments, reminding us that digital payment solutions require regulatory certainty.

      Read more
    • 07.05.2020

      /

      The Digital Investor

      Bitcoin halving: The battle of hard and soft money

      Bitcoin halving is just around the corner. In this Digital Investor edition, the first section compares and contrasts halvings of Bitcoin and other assets. The second section invites readers to explor...

      Read more
    • 23.04.2020

      /

      The Bridge

      How Crypto-Asset Wallets Work

      In this edition of The Bridge, we introduce you to different types of encryption techniques and how crypto-asset wallet encryption techniques secure transactions in a blockchain network.

      Read more
    • 16.04.2020

      /

      The Digital Regulator

      Crypto AML: a complex but worthy compliance effort

      The implementation of the global anti-money laundering Travel Rule standard for virtual assets is a daunting compliance task, but once achieved, will boost the credibility of the cryptofinance industr...

      Read more
    • 03.04.2020

      /

      The Digital Investor

      Bitcoin, gold, and coronavirus

      Does bitcoin as outside money stand a chance to weather the coronavirus storm? In this article, we present the empirical analyses of various crises and bitcoin bottoms.

      Read more
    • 22.03.2020

      /

      The Digital Investor

      Bitcoin is dead, long live Bitcoin

      In this special edition of the Digital Investor, we present our take on the recent crash in financial markets. As the Coronavirus took the entire world by storm, financial markets across the board sta...

      Read more
    • 19.03.2020

      /

      The Bridge

      Forks: A double-edged sword

      The Bridge is a publication designed to explain the key concepts behind blockchain and crypto-currencies. If you are unfamiliar with forks, this article is made for you. A fork is the action uses to c...

      Read more
    • 13.03.2020

      /

      The Digital Investor

      Market update: Coronavirus

      As the coronavirus disease spreads, economies slow and global financial market sold off. Bitcoin price has dropped substantially. What does it mean for crypto-currencies?

      Read more
    • 12.03.2020

      /

      The Digital Regulator

      USA once again rejects an ETF on bitcoin

      The US authorities rejected the last pending Bitcoin ETF proposal. The decision further delays the adoption of cryptocurrencies in the USA, evidences the controversial decision-making process and bri...

      Read more
    • 05.03.2020

      /

      The Digital Investor

      Time to Bank on DeFi | DeFi and Open Finance

      DeFi or decentralised finance has been growing at an astonishing pace. Should you participate in it? If you have an appetite for risk, how can you participate? In this edition of the Digital Investor,...

      Read more
    • 20.02.2020

      /

      The Bridge

      Tokenisation: Unlocking value

      Tokenisation of assets is one of the hottest topics in the fintech industry. Many believe in its potential to change the financial world for the better. In this edition of the Bridge, we talk about to...

      Read more
    • 13.02.2020

      /

      The Digital Regulator

      CBDCs & Asset Tokenisation – Digital Regulation in 2020

      Central bank digital currency (CBDC) and tokenisation are dominating regulatory discussions. A wholesale CBDC is likely to come into being in 2020. Widespread asset tokenisation would give rise to num...

      Read more
    • 06.02.2020

      /

      The Digital Investor

      Ethereum 2.0: Where the rubber meets the road

      To achieve the goal of serving as a decentralised platform for all sorts of applications, Ethereum needs to scale. It envisions achieving this by moving from a proof-of-work to proof-of-stake consensu...

      Read more
    • 28.01.2020

      /

      The Digital Investor

      Outlook 2020 | The Future of the Crypto Market

      In this publication we underscore the importance and the current state of digital assets against the backdrop of looming uncertainty in traditional asset classes. In our market outlook, we take the ri...

      Read more
    • 23.01.2020

      /

      The Bridge

      Proof-of-Stake: Have skin in the game

      This edition of the Bridge focuses on staking, a process at the heart of the proof-of-stake consensus mechanism. If this notion is foreign to you, then this article is for you.

      Read more
    • 16.01.2020

      /

      The Digital Regulator

      The Basel Committee: Crypto-asset Regulation

      The Basel Committee on Banking Supervision (BCBS) issued a discussion paper on prudential crypto-assets standard. While the initiative is laudable, the preliminary direction is misguided in our view.

      Read more
    • 09.01.2020

      /

      The Digital Investor

      Bitcoin halving: buy in May and go away?

      Bitcoin halving is arguably the most important known event for the crypto-asset industry in 2020. The third Bitcoin halving is expected to take place in May 2020. Will it help bulls regain control?

      Read more
    • 19.12.2019

      /

      The Bridge

      Crypto Mining: the essence of proof-of-work

      This edition of the Bridge focuses on mining, a process at the heart of the proof-of-work consensus mechanism. If this notion is foreign to you, then this article is for you.

      Read more
    • 11.12.2019

      /

      The Digital Regulator

      Switzerland Boosts DLT/Blockchain Framework Conditions

      The Swiss Federal Council has adopted the dispatch to further improve the DLT/blockchain regulatory framework. Switzerland is consolidating its leading position, reinforcing legal certainty, removing ...

      Read more
    • 05.12.2019

      /

      The Digital Investor

      Fundamental price determinants of crypto assets

      In this month’s Digital Investor, we start to examine a topic that is set to accompany us in the coming years: what are the price determinants of crypto assets? If you are a crypto investor or plan to...

      Read more
    • 21.11.2019

      /

      The Bridge

      Consensus: the truth seeker

      In this edition of “The Bridge,” we will introduce you to the consensus mechanism, a notion at the heart of all blockchain-based systems. It is the mechanism that creates trust in the system by acting...

      Read more
    • 14.11.2019

      /

      The Digital Regulator

      Tackling the Issues of Stable Coins and Digital Money

      International regulators have defined strict authorization criteria for Global Stable Coins (GSC) such as Libra. In the short term, no such coins will go live. They have also made it clear that Centra...

      Read more
    • 07.11.2019

      /

      The Digital Investor

      Are crypto-assets suitable for institutional investors?

      For years, crypto-asset has been a confidential asset class for non-institutional investors. However, we observe growing “institutionalisation”. In this issue of The Digital Investor, we give a broad ...

      Read more
    • 24.10.2019

      /

      The Bridge

      Hello, Crypto World | What is the Blockchain

      Blockchain 101: A simple analogy with a famous board game. Whether you play chess or not, this publication is for you. We invite you to discover the crypto world through the game of chess. Don’t be af...

      Read more
    • 17.10.2019

      /

      The Digital Regulator

      Switzerland tackles stable coins

      The Swiss Financial Market Supervisory Authority (FINMA) published guidelines on stable coins (including Libra), thereby increasing regulatory certainty around these type of projects. The Swiss Nation...

      Read more
    • 11.10.2019

      /

      The Digital Investor

      Crypto assets: An emerging asset class

      What makes crypto assets an attractive addition to an investor’s portfolio? Our analysis shows that a small exposure to crypto assets can enhance portfolio performance for the given level of risk as t...

      Read more
    • 05.09.2019

      /

      The Digital Investor

      Negative yields, cash and cryptocurrencies

      Imagine that in a near future this universe becomes reasonably large and liquid, or in other words, it becomes as mature as other alternative asset classes such as commodities and hedge funds.

      Read more
    • 02.08.2019

      /

      The Digital Investor

      Implications of Litecoin’s reward halving

      In this article, we look at historical examples and draw conclusions regarding reward halving impact on price, mining profitability, transaction fees and network hashrates.

      Read more
    • 05.07.2019

      /

      The Digital Investor

      Enter Project Libra

      We believe Libra to be the most significant blockchain project initiated by a publicly listed multinational corporation since JP Morgan announced JPM coin.

      Read more
    Showing 132 of 132
    • 09.08.2024

      /

      The Bridge

      The Quantum Threat to Blockchains

      Explore the myths surrounding quantum computing and its impact on blockchain technology and stay informed about the blockchain security.

      Read more
    • 02.05.2024

      /

      The Bridge

      Artificial Intelligence, Blockchain and Crypto: A Confluence

      Much recently, cryptocurrencies themed around artificial intelligence (AI) were all the rage in crypto.

      Read more
    • 24.01.2024

      /

      The Bridge

      Approval of 11 Spot Bitcoin ETFs: The Dawn of a New Era

      The U.S. Securities and Exchange Commission (SEC) has approved 11 new spot Bitcoin (BTC) Exchange-Traded Funds (ETFs).

      Read more
    • 19.12.2023

      /

      The Bridge

      ESG in Crypto: Building a Responsible and Inclusive Economy

      This piece delves into ESG considerations within the cryptocurrency and digital assets industry, exploring climate impact, financial inclusion, social aspects, illicit activities, and governance.

      Read more
    • 28.09.2023

      /

      The Bridge

      Unveiling Cryptographic Enigmas: The Magic of zkSNARKs and zkSTARKs

      As we continue our voyage from the foundational shores of Zero-Knowledge Proofs (ZKPs), you're about to embark on an expedition of epic proportions. Picture this as a thrilling sequel to our previous adventure, where we uncovered the mysteries of ZKPs.

      Read more
    • 28.08.2023

      /

      The Bridge

      Zero-Knowledge Proofs Explained

      In a world where information is both a valuable asset and a vulnerable liability, a ground-breaking concept has emerged — Zero Knowledge

      Read more
    • 20.07.2023

      /

      The Bridge

      Web 3.0: A Controversial Paradigm Shift or a Technological Mirage?

      Web 3.0, the much-hyped successor to Web 2.0, has sparked fervent debates and divided opinions among tech enthusiasts, economists, and policymakers alike. Proponents hail it as a transformative force,...

      Read more
    • 23.03.2023

      /

      The Bridge

      Digital Custody

      With the rise of digital assets, custody has become an increasingly important service for the safekeeping of cryptocurrencies and other digital assets. This article introduces you to the world of cust...

      Read more
    • 22.09.2022

      /

      The Bridge

      ESG Environment, Social and Governance

      Climate change, social diversity, and ethics are becoming increasingly important in investment decisions. ESG or Environment, Social, and Governance is a general framework to invest ethically and sust...

      Read more
    • 19.05.2022

      /

      The Bridge

      Metaverse

      Humans today have a digital consciousness and an identity that makes our life easy in many ways. Given the consistent increase in average daily time spent online, either work or leisure, and advanceme...

      Read more
    • 03.05.2022

      /

      The Bridge

      Decentralised Autonomous Organisation (DAO)

      A DAO is an alternative to the traditional organisational structure, a potentially better way to coordinate capital and talent almost instantaneously, at scale, from anywhere in the world.

      Read more
    • 19.11.2021

      /

      The Bridge

      Scalability

      The blockchain trilemma states that a perfectly decentralised, secured, and scalable system cannot exist, and trade-offs must be made between these three desirable traits. In this edition of The Bridg...

      Read more
    • 23.09.2021

      /

      The Bridge

      Tokenomics

      Tokenomics describes the role a cryptocurrency plays in a blockchain ecosystem. Understanding the key components of tokenomics is essential in assessing the potential of a project.

      Read more
    • 21.05.2021

      /

      The Bridge

      NFT: A New Fancy Technology

      We uncover the latest trend in the cryptoverse, Non-Fungible Tokens or NFTs. NFTs are often mistaken to be digital art, however, they are not the art or asset itself but the deed or proof-of-ownership...

      Read more
    • 15.04.2021

      /

      The Bridge

      Governance Tokens: Coordinating the human element

      Who is in charge of the code on which blockchains and their applications run? Who runs the multibillion-dollar organisations of the most successful applications? When facing a difficult decision, how ...

      Read more
    • 19.03.2021

      /

      The Bridge

      Decentralised Exchanges – Trustless and Secure

      Centralised Exchanges have played a pivotal role in the crypto asset ecosystem, acting as fiat ramps, custodians, exchange, market makers and VCs, thereby consolidating a lot of power and responsibili...

      Read more
    • 05.02.2021

      /

      The Bridge

      Oracles – The Internet of Blockchains

      Just "knowing thyself" is not sufficient for a smart platform blockchain. Oracles are critical middleware that connect blockchains to the real world unlocking the full potential of platforms chains. T...

      Read more
    • 29.10.2020

      /

      The Bridge

      The Blockchain Trilemma

      The blockchain trilemma refers to the idea that a public blockchain cannot reach the desired level of decentralisation, security, and scalability all at once. In this edition of the Bridge, we introdu...

      Read more
    • 24.09.2020

      /

      The Bridge

      Are blockchains that safe? How to attack and prevent attacks

      In this edition of The Bridge, we explore some well-known attacks which are commonly used to compromise blockchain networks and discuss how consensus mechanisms such as Proof of Stake and Proof of Wor...

      Read more
    • 27.08.2020

      /

      The Bridge

      Classification and importance of nodes in a blockchain network

      In this edition of The Bridge, we explore the role of nodes in blockchain networks and how these different types are required to ensure the validity and security of data.

      Read more
    • 23.07.2020

      /

      The Bridge

      Refraining from COMP valuation

      We acquaint readers with the Compound protocol and its governance token COMP in this edition of the Bridge. We present a framework to think about valuation of COMP and other DeFi governance tokens ear...

      Read more
    • 25.06.2020

      /

      The Bridge

      A Beginner’s Guide to Blockchain Accounting Standards

      The UTXO and account-based models are the most commonly used accounting standards in blockchain networks. For instance, Bitcoin uses the UTXO based model as its accounting standard, while Ethereum uses the account-based model, also called as account model or balance model.

      Read more
    • 04.06.2020

      /

      The Bridge

      Beacon chain: Conductor of the ETH 2.0 orchestra

      Ethereum’s journey towards Serenity, its proof of stake version, begins with implementation of beacon chain. This article makes readers understand the role of beacon chain in Ethereum’s ultimate versi...

      Read more
    • 23.04.2020

      /

      The Bridge

      How Crypto-Asset Wallets Work

      In this edition of The Bridge, we introduce you to different types of encryption techniques and how crypto-asset wallet encryption techniques secure transactions in a blockchain network.

      Read more
    • 19.03.2020

      /

      The Bridge

      Forks: A double-edged sword

      The Bridge is a publication designed to explain the key concepts behind blockchain and crypto-currencies. If you are unfamiliar with forks, this article is made for you. A fork is the action uses to c...

      Read more
    • 20.02.2020

      /

      The Bridge

      Tokenisation: Unlocking value

      Tokenisation of assets is one of the hottest topics in the fintech industry. Many believe in its potential to change the financial world for the better. In this edition of the Bridge, we talk about to...

      Read more
    • 23.01.2020

      /

      The Bridge

      Proof-of-Stake: Have skin in the game

      This edition of the Bridge focuses on staking, a process at the heart of the proof-of-stake consensus mechanism. If this notion is foreign to you, then this article is for you.

      Read more
    • 19.12.2019

      /

      The Bridge

      Crypto Mining: the essence of proof-of-work

      This edition of the Bridge focuses on mining, a process at the heart of the proof-of-work consensus mechanism. If this notion is foreign to you, then this article is for you.

      Read more
    • 21.11.2019

      /

      The Bridge

      Consensus: the truth seeker

      In this edition of “The Bridge,” we will introduce you to the consensus mechanism, a notion at the heart of all blockchain-based systems. It is the mechanism that creates trust in the system by acting...

      Read more
    • 24.10.2019

      /

      The Bridge

      Hello, Crypto World | What is the Blockchain

      Blockchain 101: A simple analogy with a famous board game. Whether you play chess or not, this publication is for you. We invite you to discover the crypto world through the game of chess. Don’t be af...

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    Showing 30 of 30
    • 08.08.2024

      /

      The Digital Investor

      July Jolts Crypto

      In July, the key factors driving the mixed performances in Bitcoin, Ethereum and other cryptocurrencies and SEC's stance on altcoins.

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    • 04.07.2024

      /

      The Digital Investor

      June’s Crypto Odyssey

      In June, while traditional financial markets flourished, the cryptocurrency markets faced significant challenges.

      Read more
    • 06.06.2024

      /

      The Digital Investor

      The May Crypto Roundup: Big Moves and High Hopes

      Bitcoin continues to consolidate with long-term investors beginning to re-accumulate coins for the first time since December 2023. The month of May saw a market-wide recovery in the last two weeks

      Read more
    • 08.05.2024

      /

      The Digital Investor

      Correcting Course: April’s Crypto Recap

      In April, the crypto market witnessed significant events and developments across various fronts. Total crypto market capitalization declined by 16% over the month. 

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    • 12.04.2024

      /

      The Digital Investor

      Marching Momentum: BTC, ETH, SOL

      Bitcoin is on the brink of its halving event, amidst a surge in institutional demand, poised to catalyze significant market movements.

      Read more
    • 08.03.2024

      /

      The Digital Investor

      FOMO February

      In February 2024, the cryptocurrency market experienced significant gains, with Bitcoin leading the charge.

      Read more
    • 29.02.2024

      /

      The Digital Investor

      Bitcoin Halving – What You Need to Know

      2024 stands as a pivotal year for Bitcoin. After the first three Halvings Bitcoin prices increased and reached new all-time highs.

      Read more
    • 08.02.2024

      /

      The Digital Investor

      January 2024: Crypto Market Milestones and Insights

      January 2024 saw US GDP and employment numbers that were stronger than expected.

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    • 11.01.2024

      /

      The Digital Investor

      Crypto Market Outlook 2024

      As we delve into 2024, the crypto, financial, and economic landscapes converge with a tapestry of possibilities.

      Read more
    • 11.12.2023

      /

      The Digital Investor

      November’s Dominance: Crypto Data Digest

      Bitcoin recovered significantly in 2023, surging by about +150% year-to-date, from USD 16,600 to 41,600 at the time of writing. Bitcoin is one of the best-performing assets this year.

      Read more
    • 09.11.2023

      /

      The Digital Investor

      The October Effect: A Strengthening Crypto Market

      The month of October lived up to expectations, maintaining its “Up-tober” reputation.

      Read more
    • 05.10.2023

      /

      The Digital Investor

      Breaking the September Tradition

      Remarkably, September 2023 bucked the trend of historical challenges in the cryptocurrency market, with the overall market cap staying resilient, diverging from the usual "red" month pattern.

      Read more
    • 07.09.2023

      /

      The Digital Investor

      September’s Stellar Crypto Standouts

      As we bid farewell to August, a month that kept the global economy on its toes, it's time to dissect the pivotal developments that have set the stage for what's to come in the world of finance and cryptocurrency.

      Read more
    • 09.08.2023

      /

      The Digital Investor

      July’s Blockchain Marvel

      Welcome to our monthly roundup of the most significant updates shaping the world of economics, blockchain technology, and decentralized finance (DeFi).

      Read more
    • 21.07.2023

      /

      The Digital Investor

      Blockchain Interoperability (Part 3): Polkadot

      Polkadot is a promising project that should interest investors. First, interoperability increases digital asset utilisation, and Polkadot offers all the broadest types of interoperability.

      Read more
    • 21.07.2023

      /

      The Digital Investor

      Bitcoin Valuation – Reloaded

      The rise of institutional investors has increased our bitcoin fair-value to USD 50,000.

      Read more
    • 05.07.2023

      /

      The Digital Investor

      Bitcoin in the Fastlane

      Welcome to July edition of the Digital Investor, where we bring you the most important highlights and updates from the cryptocurrency markets for June 2023. The total crypto market capitalization grew...

      Read more
    • 12.06.2023

      /

      The Digital Investor

      Crypto Market Roundup

      Welcome to June edition of the Digital Investor, where we bring you the most important highlights and updates from the cryptocurrency markets for May 2023. The total crypto market capitalization decli...

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    • 04.05.2023

      /

      The Digital Investor

      Ethereum Self-sustaining Engine: A Financial Model

      In this edition of the Digital Investor, we take a look at the state of the Bitcoin and Ethereum network. Its focus is a financial model analysis of the Ethereum ecosystem.

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    • 06.04.2023

      /

      The Digital Investor

      Crypto Defies Adversity

      Major banks collapsed, stablecoins lost their peg, and decentralized apps struggled with bad debts. However, the crypto industry remained strong with active development. Read on for an in-depth analys...

      Read more
    • 09.03.2023

      /

      The Digital Investor

      The Shapella Upgrade

      The Shapella upgrade will take place next month. It will allow stakers to unlock their ethers. The process is not automatic. We explain how to do it and what we expect the price will do. Get ready for...

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    • 08.02.2023

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      The Digital Investor

      From Bear to Bull: Crypto’s Resurgence

      The beginning of 2023 has been positive for risk assets, including stocks and cryptocurrencies. This is due to a convergence of factors, such as decelerating inflation and oversold conditions in these...

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    • 12.01.2023

      /

      The Digital Investor

      Digital Assets 2022: A Retrospective

      Some analysts are predicting further declines in the S&P 500 in the first half of 2023, followed by a potential buying opportunity before the Federal Reserve starts cutting rates in 2024 to support th...

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    • 09.12.2022

      /

      The Digital Investor

      Outlook 2023

      2022 was a rough year for crypto. Events like the Terra (LUNA) crash, the losses on Celsius, the Three Arrows Capital implosion, and of course, the FTX-Alameda collapse, each took the market to where ...

      Read more
    • 03.11.2022

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      The Digital Investor

      Nearing Inflexion

      Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

      Read more
    • 08.09.2022

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      The Digital Investor

      Markets Chase Liquidity

      Macro headwinds dominate cryptocurrencies as central banks tighten monetary conditions. Bitcoin is closely correlated with USD liquidity. As the Fed started quantitative tightening on 1 September, pre...

      Read more
    • 04.08.2022

      /

      The Digital Investor

      Ethereum Leading Market Recovery

      After the prolonged downward trend of cryptocurrency prices for almost all months this year, July 2022 has been the time of recovery for the crypto markets. The total market cap increased by 24%, and ...

      Read more
    • 07.07.2022

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      The Digital Investor

      The Great Capitulation

      We remain cautious in our approach, preferring Bitcoin and Ethereum over alternative smart contract platforms and decentralised finance or metaverse tokens. High cost-push inflation figures and slow g...

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    • 10.06.2022

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      The Digital Investor

      Are we in crypto winter?

      We continue to navigate the crypto market cautiously, with a preference for low beta coins such as bitcoin and ether. As prices have declined massively in May in the wake of the Terra debacle, draggi...

      Read more
    • 06.05.2022

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      The Digital Investor

      Cautiously Navigating Crypto

      The overall crypto market capitalisation declined by approx. 20% last month, given the uncertainties caused by rising inflation, rate hikes, geopolitics, and Covid-19 restrictions. While good fundamen...

      Read more
    • 07.04.2022

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      The Digital Investor

      Strong Fundamentals Enabling Growth

      Last month, digital assets and equities did well. Bitcoin price increased by 22%, ether by 38%, and the Decentralised Finance (DeFi) token AAVE jumped as much as 100%. The current high inflation scen...

      Read more
    • 07.03.2022

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      The Digital Investor

      War & inflation

      Last month, digital asset prices have been hit twice. First, the rise of inflation coupled with rising expectation of a first Fed hike mid-March negatively impacted the price of bonds, and risky asset...

      Read more
    • 14.02.2022

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      The Digital Investor

      Building Through The Bear

      Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

      Read more
    • 03.02.2022

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      The Digital Investor

      Expectation Adjustment

      Macroeconomic headwinds weighed heavily on bitcoin and the whole cryptoverse in January. According to the AMINAX® Index, an index made of a selection of blue-chip cryptocurrencies, the crypto market dr...

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    • 07.01.2022

      /

      The Digital Investor

      Crypto 2022: The wheel turns

      Crypto is at a crucial juncture where it must deliver on its high expectations even under macroeconomic uncertainty.

      Read more
    • 09.12.2021

      /

      The Digital Investor

      Fundamental certainties amid macro uncertainties

      November started strong but macroeconomic factors slowed the progress of the crypto bull market.

      Read more
    • 04.11.2021

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      The Digital Investor

      New Highs

      In this edition of the New Digital Investor, we celebrate the new highs made by the crypto markets in October and discuss the events that led up to it. We attempt to answer the most pertinent question...

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    • 07.10.2021

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      The Digital Investor

      Scaling New Heights

      September was a tumultuous month as good and bad news alternated. In the same month, bitcoin became legal tender in one country while another country banned all trading activities. In our view, bitcoi...

      Read more
    • 09.09.2021

      /

      The Digital Investor

      It Pays to be Smart

      In the previous edition of The Digital Investor, we noted that platform chains had significant developmental upgrades coming up while Bitcoin's on-chain fundamentals looked weak. Over the past month, ...

      Read more
    • 05.08.2021

      /

      The Digital Investor

      Untangling the chain from the price

      Crypto markets struggled through most of July but managed to close on a strong note, up by almost 13%. With the increase in prices, market sentiment has also buoyed. We present an analysis of the on-c...

      Read more
    • 06.07.2021

      /

      The Digital Investor

      The New Digital Investor

      This new publication will shed light on cryptoassets as an emerging asset class and its fundamental drivers. We hope you will enjoy reading this publication and that you will find it helpful in unders...

      Read more
    • 02.06.2021

      /

      The Digital Investor

      Yearn Finance – Decentralised Asset Management

      In this edition of Digital Investor, we cover the largest decentralised asset management protocol, Yearn Finance. We cover its fair launch, the value drivers for the token, its moat and significant pr...

      Read more
    • 06.05.2021

      /

      The Digital Investor

      Synthetix – a platform to issue and trade synthetic assets

      This digital investor explores the Synthetix protocol, its upcoming changes, and how it stacks up against other DeFi protocols in terms of valuation. The article dives into the mechanics of the protoc...

      Read more
    • 21.04.2021

      /

      The Digital Investor

      Bitcoin is not my lover

      Gold 2.0 or tokenised thin air? Critics say it is not money, slow, costly, energy-intensive and for criminals. Believers say bitcoin is the future. Bitcoin polarises view. One thing is sure; everyone ...

      Read more
    • 18.03.2021

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      The Digital Investor

      DEXes – from market making to valuations

      This Digital Investor builds on concepts explained in The Bridge and analyses the landscape of decentralised exchanges (DEXes) for investors, from market making to different players. The first section...

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    • 04.02.2021

      /

      The Digital Investor

      Decentralised Oracles: Chainlink

      Oracles are a critical middleware for smart contracts. We evaluate the need for decentralised oracles and how Chainlink is poised to accrue value as the oracles space grows.

      Read more
    • 18.01.2021

      /

      The Digital Investor

      Portfolio diversification: The contribution of digital assets

      Allocating digital assets in a portfolio can double the Sharpe ratio. Read the Digital Investor to understand the diversification potential of the digital asset class.

      Read more
    • 03.12.2020

      /

      The Digital Investor

      Blockchain Interoperability (Part 2): THORchain

      Interoperability helps investors to increase the utilisation of their digital assets. This Digital Investor shows how THORchain facilitates better asset utilisation and dive into different factors cen...

      Read more
    • 05.11.2020

      /

      The Digital Investor

      Blockchain Interoperability: Towards a Connected Future

      Interoperability has the potential to create plumbing for the internet of value by connecting blockchains. Learn more about the challenges, the solutions, and the opportunities.

      Read more
    • 15.10.2020

      /

      The Digital Investor

      DeFi Investment Strategies: A Performance Review

      In this edition of The Digital Investor, we evaluate the performance of different DeFi portfolios. We test three different approaches – hold ETH as it is the major asset that gives exposure to DeFi, b...

      Read more
    • 14.09.2020

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      The Digital Investor

      DeFi: What happens when the music stops?

      In this digital investor, we examine the latest crypto market developments. We compare the 2017-2018 ICOs wave with the current DeFi wave and investigate the sustainability of the liquidity mining tre...

      Read more
    • 13.08.2020

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      The Digital Investor

      Bitcoin Mining as a Business

      Bitcoin halvings force miners to upgrade their equipment and 2020 was no different. The latest generation of mining equipment offers higher efficiency compared to the previous generations. In this Dig...

      Read more
    • 02.07.2020

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      The Digital Investor

      A new fair-value model for Bitcoin

      In this edition of The Digital Investor, we propose two valuation models for cryptocurrencies. In the first model, we propose an innovative method to price cryptocurrencies in terms of fiat currency. ...

      Read more
    • 04.06.2020

      /

      The Digital Investor

      Phase 0: One Small Step for Ethereum, One Giant Leap for Decentralised Networks

      Ethereum 2.0, one of the most ambitious and anticipated project in the blockchain industry, is just weeks away from its Phase 0 release. After years of delay, Ethereum is nearly ready to launch the Be...

      Read more
    • 07.05.2020

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      The Digital Investor

      Bitcoin halving: The battle of hard and soft money

      Bitcoin halving is just around the corner. In this Digital Investor edition, the first section compares and contrasts halvings of Bitcoin and other assets. The second section invites readers to explor...

      Read more
    • 03.04.2020

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      The Digital Investor

      Bitcoin, gold, and coronavirus

      Does bitcoin as outside money stand a chance to weather the coronavirus storm? In this article, we present the empirical analyses of various crises and bitcoin bottoms.

      Read more
    • 22.03.2020

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      The Digital Investor

      Bitcoin is dead, long live Bitcoin

      In this special edition of the Digital Investor, we present our take on the recent crash in financial markets. As the Coronavirus took the entire world by storm, financial markets across the board sta...

      Read more
    • 13.03.2020

      /

      The Digital Investor

      Market update: Coronavirus

      As the coronavirus disease spreads, economies slow and global financial market sold off. Bitcoin price has dropped substantially. What does it mean for crypto-currencies?

      Read more
    • 05.03.2020

      /

      The Digital Investor

      Time to Bank on DeFi | DeFi and Open Finance

      DeFi or decentralised finance has been growing at an astonishing pace. Should you participate in it? If you have an appetite for risk, how can you participate? In this edition of the Digital Investor,...

      Read more
    • 06.02.2020

      /

      The Digital Investor

      Ethereum 2.0: Where the rubber meets the road

      To achieve the goal of serving as a decentralised platform for all sorts of applications, Ethereum needs to scale. It envisions achieving this by moving from a proof-of-work to proof-of-stake consensu...

      Read more
    • 28.01.2020

      /

      The Digital Investor

      Outlook 2020 | The Future of the Crypto Market

      In this publication we underscore the importance and the current state of digital assets against the backdrop of looming uncertainty in traditional asset classes. In our market outlook, we take the ri...

      Read more
    • 09.01.2020

      /

      The Digital Investor

      Bitcoin halving: buy in May and go away?

      Bitcoin halving is arguably the most important known event for the crypto-asset industry in 2020. The third Bitcoin halving is expected to take place in May 2020. Will it help bulls regain control?

      Read more
    • 05.12.2019

      /

      The Digital Investor

      Fundamental price determinants of crypto assets

      In this month’s Digital Investor, we start to examine a topic that is set to accompany us in the coming years: what are the price determinants of crypto assets? If you are a crypto investor or plan to...

      Read more
    • 07.11.2019

      /

      The Digital Investor

      Are crypto-assets suitable for institutional investors?

      For years, crypto-asset has been a confidential asset class for non-institutional investors. However, we observe growing “institutionalisation”. In this issue of The Digital Investor, we give a broad ...

      Read more
    • 11.10.2019

      /

      The Digital Investor

      Crypto assets: An emerging asset class

      What makes crypto assets an attractive addition to an investor’s portfolio? Our analysis shows that a small exposure to crypto assets can enhance portfolio performance for the given level of risk as t...

      Read more
    • 05.09.2019

      /

      The Digital Investor

      Negative yields, cash and cryptocurrencies

      Imagine that in a near future this universe becomes reasonably large and liquid, or in other words, it becomes as mature as other alternative asset classes such as commodities and hedge funds.

      Read more
    • 02.08.2019

      /

      The Digital Investor

      Implications of Litecoin’s reward halving

      In this article, we look at historical examples and draw conclusions regarding reward halving impact on price, mining profitability, transaction fees and network hashrates.

      Read more
    • 05.07.2019

      /

      The Digital Investor

      Enter Project Libra

      We believe Libra to be the most significant blockchain project initiated by a publicly listed multinational corporation since JP Morgan announced JPM coin.

      Read more
    Showing 68 of 68
    • 15.09.2022

      /

      The Digital Regulator

      The development of cryptofinance regulation – National focus

      The last five years have witnessed a rapid development of cryptofinance regulation. Initially, it reacted to, and framed, innovative practices. Then, it has broadly supported the development of crypto...

      Read more
    • 11.08.2022

      /

      The Digital Regulator

      The Basel Framework and Cryptoassets: Finishing Line?

      The second Basel Committee consultative document on the prudential treatment of cryptoasset exposures is very comprehensive and suggests that the 3-year long gestation may soon come to an end. Materia...

      Read more
    • 16.07.2022

      /

      The Digital Regulator

      Crypto and Illicit Finance

      There is no consensus regarding the proportion of illicit finance carried out through cryptofinance. Time series support the view that licit cryptocurrency transactions are growing much faster than il...

      Read more
    • 14.07.2022

      /

      The Digital Regulator

      Stablecoins & Regulation: Quo vadis?

      Regulators have acknowledged the use cases and highlighted the risks of stablecoins since 2019. The reactions that have followed the TerraUSD (UST) fallout in May 2022 suggest that asset-backed stable...

      Read more
    • 12.05.2022

      /

      The Digital Regulator

      The Regulatory Impact of the Ukrainian War

      Early concerns that the use of cryptoassets might undermine the effectiveness of sanctions have turned out to be overrated, due to the structure of crypto markets and compliance efforts by exchanges. ...

      Read more
    • 14.04.2022

      /

      The Digital Regulator

      The Day the US Endorsed Cryptofinance

      On 9 March 2022, the White House issued a Presidential Executive Order that formalizes the top-down, federal-wide, adoption framework for cryptofinance in the US. This watershed milestone had a long g...

      Read more
    • 10.03.2022

      /

      The Digital Regulator

      Are cryptoassets systemically relevant?

      The steady adoption of cryptoassets, and their recent all-time high capitalisation level, has raised again the issue of whether cryptoassets pose a systemic risk to the financial system. International...

      Read more
    • 10.02.2022

      /

      The Digital Regulator

      Metaverse and regulation

      Confronted with the rapid expansion of the Metaverse, regulators face the challenge to promote this new marketplace sustainably by mitigating old and new risks to consumers, ensuring fair competition ...

      Read more
    • 14.01.2022

      /

      The Digital Regulator

      Will 2022 deliver a unified US federal approach to crypto regulation?

      The regulatory work initiated by US authorities in 2021 should give rise to a federal cryptofinance framework in 2022. The expectation is a framework supportive of sustainable cryptofinance that may i...

      Read more
    • 16.12.2021

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      The Digital Regulator

      Bitcoin ETF: Substance over form, please

      On 15 October 2021, the Securities and Exchange Commission (SEC) of the United States allowed trading in the ProShares bitcoin futures Exchange Traded Fund (ETF). On 12 November 2021, the SEC rejected...

      Read more
    • 11.11.2021

      /

      The Digital Regulator

      Promotion of sustainable ‘cryptoization’ by global standard setters

      In October 2021, global standard setters issued several policy recommendations to handle the buoyancy in cryptocurrency adoption, the use of stablecoins, and the risks posed by thriving decentralised ...

      Read more
    • 14.10.2021

      /

      The Digital Regulator

      China bans; the US doesn’t: Crypto wins

      Global superpowers, China and the US, debate cryptocurrencies and take opposing positions, making international headlines. Considering the broader context, cryptocurrencies win.

      Read more
    • 16.09.2021

      /

      The Digital Regulator

      The DeFi Regulatory Challenge

      Decentralised Finance (DeFi) generates benefits and is growing in importance. A regulatory endorsement is crucial for mass adoption. This might be achieved through the constructive cooperation between...

      Read more
    • 12.08.2021

      /

      The Digital Regulator

      Cross-border challenges of a Central Bank Digital Currency and Global Stablecoins

      Developing and implementing a Central Bank Digital Currency (CBDC)-based cross-border payment system is a daunting task. The launch of a Global Stablecoin (GSC) in a regulatory-controlled environment ...

      Read more
    • 15.07.2021

      /

      The Digital Regulator

      Basel Committee Consultation: A Prudential Treatment of Banks’ Cryptoasset Exposure

      The Basel Committee recognises the ineluctability of asset tokenisation, but proposes to subject exposure to bitcoin, ether, utility tokens, DeFi tokens, and other network coins to a one-size-fits-all...

      Read more
    • 10.06.2021

      /

      The Digital Regulator

      Cryptocurrency Markets and Regulators – What to expect

      The US regulators are contemplating action in the wake of recent market developments. A regulatory upgrade is required to promote institutional-grade cryptofinance.

      Read more
    • 12.05.2021

      /

      The Digital Regulator

      FATF and DeFi: Further thinking is required

      The updates proposed by the Financial Action Task Force (FATF) to its Guidance on the risk-based approach to virtual assets are not conducive to the development of sustainable Decentralised Finance (D...

      Read more
    • 08.04.2021

      /

      The Digital Regulator

      Regulatory uncertainty in cryptofinance

      Unlike traditional finance, cryptofinance involves a high degree of regulatory uncertainty. Market participants hedge this risk by operating in jurisdictions characterised by developed and stable regu...

      Read more
    • 11.03.2021

      /

      The Digital Regulator

      Illicit use of cryptocurrencies – Regulatory and market evidence

      Regulators have feared and combated the illicit use of cryptocurrencies since bitcoin was born. The adoption and regulation of cryptocurrencies is leading to less illicit transactions.

      Read more
    • 11.02.2021

      /

      The Digital Regulator

      The UK tackles stablecoins

      The UK is the third jurisdiction to address stablecoins after Switzerland and the EU.

      Read more
    • 14.01.2021

      /

      The Digital Regulator

      Seven regulatory developments for 2021

      In this Digital Regulator, we propose seven regulatory developments that are likely to shape cryptofinance in 2021.

      Read more
    • 10.12.2020

      /

      The Digital Regulator

      Swiss DLT regulatory framework implementation

      The ongoing consultation on the ordinance in the distributed ledger technologies (DLTs) space is the last step in providing Switzerland with a comprehensive and globally unrivalled DLT regulatory fram...

      Read more
    • 12.11.2020

      /

      The Digital Regulator

      EU pilot regime for DLT-based market infrastructure

      The EU takes a circumspect approach regarding DLT-based market infrastructure despite recognising that no primary market can thrive without a secondary market.

      Read more
    • 22.10.2020

      /

      The Digital Regulator

      The proposed EU framework for crypto-assets

      The EU tackles fragmentation and creates legal certainty by extending the regulatory perimeter to crypto-asset issuers and service providers. Implementation by 2024.

      Read more
    • 17.09.2020

      /

      The Digital Regulator

      Which crypto-asset regulation for the European Union?

      In recent years, several European Union (EU) member states have developed their own crypto-asset regulations. The EU is now poised to introduce a single market regulation for crypto-assets.

      Read more
    • 20.08.2020

      /

      The Digital Regulator

      The regulatory endorsement of global stablecoins (GSCs)

      Facebook unveiled project Libra in June 2019. A fundamental regulatory uncertainty regarding the future of GSCs followed. In July 2020, GSCs received a fundamental regulatory endorsement.

      Read more
    • 18.07.2020

      /

      The Digital Regulator

      The inexorable march of Central Bank Digital Currencies

      The steadily growing global interest in Central Bank Digital Currencies (CBDCs) suggests that the official launch of the first CBDC is approaching fast. The Financial Action Task Force (FATF) has revi...

      Read more
    • 11.06.2020

      /

      The Digital Regulator

      Telegram, or the strategic importance of regulators

      Digital financial businesses often consider regulators as a compliance issue. However, regulators are strategically important for the success of projects. The demise of Telegram is a sad reminder.

      Read more
    • 14.05.2020

      /

      The Digital Regulator

      COVID-19 pandemic places digital payment regulation at centre stage

      COVID-19 has renewed the regulatory focus on digital payments, reminding us that digital payment solutions require regulatory certainty.

      Read more
    • 16.04.2020

      /

      The Digital Regulator

      Crypto AML: a complex but worthy compliance effort

      The implementation of the global anti-money laundering Travel Rule standard for virtual assets is a daunting compliance task, but once achieved, will boost the credibility of the cryptofinance industr...

      Read more
    • 12.03.2020

      /

      The Digital Regulator

      USA once again rejects an ETF on bitcoin

      The US authorities rejected the last pending Bitcoin ETF proposal. The decision further delays the adoption of cryptocurrencies in the USA, evidences the controversial decision-making process and bri...

      Read more
    • 13.02.2020

      /

      The Digital Regulator

      CBDCs & Asset Tokenisation – Digital Regulation in 2020

      Central bank digital currency (CBDC) and tokenisation are dominating regulatory discussions. A wholesale CBDC is likely to come into being in 2020. Widespread asset tokenisation would give rise to num...

      Read more
    • 16.01.2020

      /

      The Digital Regulator

      The Basel Committee: Crypto-asset Regulation

      The Basel Committee on Banking Supervision (BCBS) issued a discussion paper on prudential crypto-assets standard. While the initiative is laudable, the preliminary direction is misguided in our view.

      Read more
    • 11.12.2019

      /

      The Digital Regulator

      Switzerland Boosts DLT/Blockchain Framework Conditions

      The Swiss Federal Council has adopted the dispatch to further improve the DLT/blockchain regulatory framework. Switzerland is consolidating its leading position, reinforcing legal certainty, removing ...

      Read more
    • 14.11.2019

      /

      The Digital Regulator

      Tackling the Issues of Stable Coins and Digital Money

      International regulators have defined strict authorization criteria for Global Stable Coins (GSC) such as Libra. In the short term, no such coins will go live. They have also made it clear that Centra...

      Read more
    • 17.10.2019

      /

      The Digital Regulator

      Switzerland tackles stable coins

      The Swiss Financial Market Supervisory Authority (FINMA) published guidelines on stable coins (including Libra), thereby increasing regulatory certainty around these type of projects. The Swiss Nation...

      Read more
    Showing 36 of 36

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        The Digital Investor

        The May Crypto Roundup: Big Moves and High Hopes

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        The Digital Investor

        Correcting Course: April’s Crypto Recap

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      • 02.05.2024

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        Artificial Intelligence, Blockchain and Crypto: A Confluence

        Much recently, cryptocurrencies themed around artificial intelligence (AI) were all the rage in crypto.

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        The Digital Investor

        Marching Momentum: BTC, ETH, SOL

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        The Digital Investor

        FOMO February

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        The Digital Investor

        Bitcoin Halving – What You Need to Know

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        The Bridge

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        Crypto Market Outlook 2024

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      • 19.12.2023

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        The Bridge

        ESG in Crypto: Building a Responsible and Inclusive Economy

        This piece delves into ESG considerations within the cryptocurrency and digital assets industry, exploring climate impact, financial inclusion, social aspects, illicit activities, and governance.

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      • 11.12.2023

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        The Digital Investor

        November’s Dominance: Crypto Data Digest

        Bitcoin recovered significantly in 2023, surging by about +150% year-to-date, from USD 16,600 to 41,600 at the time of writing. Bitcoin is one of the best-performing assets this year.

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      • 09.11.2023

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        The Digital Investor

        The October Effect: A Strengthening Crypto Market

        The month of October lived up to expectations, maintaining its “Up-tober” reputation.

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      • 05.10.2023

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        The Digital Investor

        Breaking the September Tradition

        Remarkably, September 2023 bucked the trend of historical challenges in the cryptocurrency market, with the overall market cap staying resilient, diverging from the usual "red" month pattern.

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      • 28.09.2023

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        The Bridge

        Unveiling Cryptographic Enigmas: The Magic of zkSNARKs and zkSTARKs

        As we continue our voyage from the foundational shores of Zero-Knowledge Proofs (ZKPs), you're about to embark on an expedition of epic proportions. Picture this as a thrilling sequel to our previous adventure, where we uncovered the mysteries of ZKPs.

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      • 07.09.2023

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        The Digital Investor

        September’s Stellar Crypto Standouts

        As we bid farewell to August, a month that kept the global economy on its toes, it's time to dissect the pivotal developments that have set the stage for what's to come in the world of finance and cryptocurrency.

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      • 28.08.2023

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        The Bridge

        Zero-Knowledge Proofs Explained

        In a world where information is both a valuable asset and a vulnerable liability, a ground-breaking concept has emerged — Zero Knowledge

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      • 09.08.2023

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        The Digital Investor

        July’s Blockchain Marvel

        Welcome to our monthly roundup of the most significant updates shaping the world of economics, blockchain technology, and decentralized finance (DeFi).

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      • 21.07.2023

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        The Digital Investor

        Blockchain Interoperability (Part 3): Polkadot

        Polkadot is a promising project that should interest investors. First, interoperability increases digital asset utilisation, and Polkadot offers all the broadest types of interoperability.

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      • 21.07.2023

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        The Digital Investor

        Bitcoin Valuation – Reloaded

        The rise of institutional investors has increased our bitcoin fair-value to USD 50,000.

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      • 20.07.2023

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        The Bridge

        Web 3.0: A Controversial Paradigm Shift or a Technological Mirage?

        Web 3.0, the much-hyped successor to Web 2.0, has sparked fervent debates and divided opinions among tech enthusiasts, economists, and policymakers alike. Proponents hail it as a transformative force,...

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      • 05.07.2023

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        The Digital Investor

        Bitcoin in the Fastlane

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      • 12.06.2023

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        The Digital Investor

        Crypto Market Roundup

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      • 04.05.2023

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        The Digital Investor

        Ethereum Self-sustaining Engine: A Financial Model

        In this edition of the Digital Investor, we take a look at the state of the Bitcoin and Ethereum network. Its focus is a financial model analysis of the Ethereum ecosystem.

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      • 06.04.2023

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        The Digital Investor

        Crypto Defies Adversity

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      • 23.03.2023

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        The Bridge

        Digital Custody

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      • 09.03.2023

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        The Digital Investor

        The Shapella Upgrade

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      • 08.02.2023

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        The Digital Investor

        From Bear to Bull: Crypto’s Resurgence

        The beginning of 2023 has been positive for risk assets, including stocks and cryptocurrencies. This is due to a convergence of factors, such as decelerating inflation and oversold conditions in these...

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      • 12.01.2023

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        The Digital Investor

        Digital Assets 2022: A Retrospective

        Some analysts are predicting further declines in the S&P 500 in the first half of 2023, followed by a potential buying opportunity before the Federal Reserve starts cutting rates in 2024 to support th...

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      • 09.12.2022

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        The Digital Investor

        Outlook 2023

        2022 was a rough year for crypto. Events like the Terra (LUNA) crash, the losses on Celsius, the Three Arrows Capital implosion, and of course, the FTX-Alameda collapse, each took the market to where ...

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      • 03.11.2022

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        The Digital Investor

        Nearing Inflexion

        Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

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      • 22.09.2022

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        The Bridge

        ESG Environment, Social and Governance

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      • 15.09.2022

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        The Digital Regulator

        The development of cryptofinance regulation – National focus

        The last five years have witnessed a rapid development of cryptofinance regulation. Initially, it reacted to, and framed, innovative practices. Then, it has broadly supported the development of crypto...

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      • 08.09.2022

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        The Digital Investor

        Markets Chase Liquidity

        Macro headwinds dominate cryptocurrencies as central banks tighten monetary conditions. Bitcoin is closely correlated with USD liquidity. As the Fed started quantitative tightening on 1 September, pre...

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      • 11.08.2022

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        The Digital Regulator

        The Basel Framework and Cryptoassets: Finishing Line?

        The second Basel Committee consultative document on the prudential treatment of cryptoasset exposures is very comprehensive and suggests that the 3-year long gestation may soon come to an end. Materia...

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      • 04.08.2022

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        The Digital Investor

        Ethereum Leading Market Recovery

        After the prolonged downward trend of cryptocurrency prices for almost all months this year, July 2022 has been the time of recovery for the crypto markets. The total market cap increased by 24%, and ...

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      • 16.07.2022

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        The Digital Regulator

        Crypto and Illicit Finance

        There is no consensus regarding the proportion of illicit finance carried out through cryptofinance. Time series support the view that licit cryptocurrency transactions are growing much faster than il...

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      • 14.07.2022

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        The Digital Regulator

        Stablecoins & Regulation: Quo vadis?

        Regulators have acknowledged the use cases and highlighted the risks of stablecoins since 2019. The reactions that have followed the TerraUSD (UST) fallout in May 2022 suggest that asset-backed stable...

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      • 07.07.2022

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        The Digital Investor

        The Great Capitulation

        We remain cautious in our approach, preferring Bitcoin and Ethereum over alternative smart contract platforms and decentralised finance or metaverse tokens. High cost-push inflation figures and slow g...

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      • 10.06.2022

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        The Digital Investor

        Are we in crypto winter?

        We continue to navigate the crypto market cautiously, with a preference for low beta coins such as bitcoin and ether. As prices have declined massively in May in the wake of the Terra debacle, draggi...

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      • 19.05.2022

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        The Bridge

        Metaverse

        Humans today have a digital consciousness and an identity that makes our life easy in many ways. Given the consistent increase in average daily time spent online, either work or leisure, and advanceme...

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      • 12.05.2022

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        The Digital Regulator

        The Regulatory Impact of the Ukrainian War

        Early concerns that the use of cryptoassets might undermine the effectiveness of sanctions have turned out to be overrated, due to the structure of crypto markets and compliance efforts by exchanges. ...

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      • 06.05.2022

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        The Digital Investor

        Cautiously Navigating Crypto

        The overall crypto market capitalisation declined by approx. 20% last month, given the uncertainties caused by rising inflation, rate hikes, geopolitics, and Covid-19 restrictions. While good fundamen...

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      • 03.05.2022

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        The Bridge

        Decentralised Autonomous Organisation (DAO)

        A DAO is an alternative to the traditional organisational structure, a potentially better way to coordinate capital and talent almost instantaneously, at scale, from anywhere in the world.

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      • 14.04.2022

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        The Digital Regulator

        The Day the US Endorsed Cryptofinance

        On 9 March 2022, the White House issued a Presidential Executive Order that formalizes the top-down, federal-wide, adoption framework for cryptofinance in the US. This watershed milestone had a long g...

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      • 07.04.2022

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        The Digital Investor

        Strong Fundamentals Enabling Growth

        Last month, digital assets and equities did well. Bitcoin price increased by 22%, ether by 38%, and the Decentralised Finance (DeFi) token AAVE jumped as much as 100%. The current high inflation scen...

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      • 10.03.2022

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        The Digital Regulator

        Are cryptoassets systemically relevant?

        The steady adoption of cryptoassets, and their recent all-time high capitalisation level, has raised again the issue of whether cryptoassets pose a systemic risk to the financial system. International...

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      • 07.03.2022

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        The Digital Investor

        War & inflation

        Last month, digital asset prices have been hit twice. First, the rise of inflation coupled with rising expectation of a first Fed hike mid-March negatively impacted the price of bonds, and risky asset...

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      • 14.02.2022

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        The Digital Investor

        Building Through The Bear

        Historically, September has not been the best month for growth assets, and this year was no different. Bitcoin price ended the month 4% lower than it started, while Ether fell by more than 15%.

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      • 10.02.2022

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        The Digital Regulator

        Metaverse and regulation

        Confronted with the rapid expansion of the Metaverse, regulators face the challenge to promote this new marketplace sustainably by mitigating old and new risks to consumers, ensuring fair competition ...

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      • 03.02.2022

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        The Digital Investor

        Expectation Adjustment

        Macroeconomic headwinds weighed heavily on bitcoin and the whole cryptoverse in January. According to the AMINAX® Index, an index made of a selection of blue-chip cryptocurrencies, the crypto market dr...

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      • 14.01.2022

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        The Digital Regulator

        Will 2022 deliver a unified US federal approach to crypto regulation?

        The regulatory work initiated by US authorities in 2021 should give rise to a federal cryptofinance framework in 2022. The expectation is a framework supportive of sustainable cryptofinance that may i...

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      • 07.01.2022

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        The Digital Investor

        Crypto 2022: The wheel turns

        Crypto is at a crucial juncture where it must deliver on its high expectations even under macroeconomic uncertainty.

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      • 16.12.2021

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        The Digital Regulator

        Bitcoin ETF: Substance over form, please

        On 15 October 2021, the Securities and Exchange Commission (SEC) of the United States allowed trading in the ProShares bitcoin futures Exchange Traded Fund (ETF). On 12 November 2021, the SEC rejected...

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      • 09.12.2021

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        The Digital Investor

        Fundamental certainties amid macro uncertainties

        November started strong but macroeconomic factors slowed the progress of the crypto bull market.

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      • 19.11.2021

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        The Bridge

        Scalability

        The blockchain trilemma states that a perfectly decentralised, secured, and scalable system cannot exist, and trade-offs must be made between these three desirable traits. In this edition of The Bridg...

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      • 11.11.2021

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        The Digital Regulator

        Promotion of sustainable ‘cryptoization’ by global standard setters

        In October 2021, global standard setters issued several policy recommendations to handle the buoyancy in cryptocurrency adoption, the use of stablecoins, and the risks posed by thriving decentralised ...

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      • 04.11.2021

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        The Digital Investor

        New Highs

        In this edition of the New Digital Investor, we celebrate the new highs made by the crypto markets in October and discuss the events that led up to it. We attempt to answer the most pertinent question...

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      • 14.10.2021

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        The Digital Regulator

        China bans; the US doesn’t: Crypto wins

        Global superpowers, China and the US, debate cryptocurrencies and take opposing positions, making international headlines. Considering the broader context, cryptocurrencies win.

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      • 07.10.2021

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        The Digital Investor

        Scaling New Heights

        September was a tumultuous month as good and bad news alternated. In the same month, bitcoin became legal tender in one country while another country banned all trading activities. In our view, bitcoi...

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      • 23.09.2021

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        The Bridge

        Tokenomics

        Tokenomics describes the role a cryptocurrency plays in a blockchain ecosystem. Understanding the key components of tokenomics is essential in assessing the potential of a project.

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      • 16.09.2021

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        The Digital Regulator

        The DeFi Regulatory Challenge

        Decentralised Finance (DeFi) generates benefits and is growing in importance. A regulatory endorsement is crucial for mass adoption. This might be achieved through the constructive cooperation between...

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      • 09.09.2021

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        The Digital Investor

        It Pays to be Smart

        In the previous edition of The Digital Investor, we noted that platform chains had significant developmental upgrades coming up while Bitcoin's on-chain fundamentals looked weak. Over the past month, ...

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      • 12.08.2021

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        The Digital Regulator

        Cross-border challenges of a Central Bank Digital Currency and Global Stablecoins

        Developing and implementing a Central Bank Digital Currency (CBDC)-based cross-border payment system is a daunting task. The launch of a Global Stablecoin (GSC) in a regulatory-controlled environment ...

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      • 05.08.2021

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        The Digital Investor

        Untangling the chain from the price

        Crypto markets struggled through most of July but managed to close on a strong note, up by almost 13%. With the increase in prices, market sentiment has also buoyed. We present an analysis of the on-c...

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      • 15.07.2021

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        The Digital Regulator

        Basel Committee Consultation: A Prudential Treatment of Banks’ Cryptoasset Exposure

        The Basel Committee recognises the ineluctability of asset tokenisation, but proposes to subject exposure to bitcoin, ether, utility tokens, DeFi tokens, and other network coins to a one-size-fits-all...

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      • 06.07.2021

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        The Digital Investor

        The New Digital Investor

        This new publication will shed light on cryptoassets as an emerging asset class and its fundamental drivers. We hope you will enjoy reading this publication and that you will find it helpful in unders...

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      • 10.06.2021

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        The Digital Regulator

        Cryptocurrency Markets and Regulators – What to expect

        The US regulators are contemplating action in the wake of recent market developments. A regulatory upgrade is required to promote institutional-grade cryptofinance.

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      • 02.06.2021

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        The Digital Investor

        Yearn Finance – Decentralised Asset Management

        In this edition of Digital Investor, we cover the largest decentralised asset management protocol, Yearn Finance. We cover its fair launch, the value drivers for the token, its moat and significant pr...

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      • 21.05.2021

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        The Bridge

        NFT: A New Fancy Technology

        We uncover the latest trend in the cryptoverse, Non-Fungible Tokens or NFTs. NFTs are often mistaken to be digital art, however, they are not the art or asset itself but the deed or proof-of-ownership...

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      • 12.05.2021

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        The Digital Regulator

        FATF and DeFi: Further thinking is required

        The updates proposed by the Financial Action Task Force (FATF) to its Guidance on the risk-based approach to virtual assets are not conducive to the development of sustainable Decentralised Finance (D...

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      • 06.05.2021

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        The Digital Investor

        Synthetix – a platform to issue and trade synthetic assets

        This digital investor explores the Synthetix protocol, its upcoming changes, and how it stacks up against other DeFi protocols in terms of valuation. The article dives into the mechanics of the protoc...

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      • 21.04.2021

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        The Digital Investor

        Bitcoin is not my lover

        Gold 2.0 or tokenised thin air? Critics say it is not money, slow, costly, energy-intensive and for criminals. Believers say bitcoin is the future. Bitcoin polarises view. One thing is sure; everyone ...

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      • 15.04.2021

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        The Bridge

        Governance Tokens: Coordinating the human element

        Who is in charge of the code on which blockchains and their applications run? Who runs the multibillion-dollar organisations of the most successful applications? When facing a difficult decision, how ...

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      • 08.04.2021

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        The Digital Regulator

        Regulatory uncertainty in cryptofinance

        Unlike traditional finance, cryptofinance involves a high degree of regulatory uncertainty. Market participants hedge this risk by operating in jurisdictions characterised by developed and stable regu...

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      • 19.03.2021

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        The Bridge

        Decentralised Exchanges – Trustless and Secure

        Centralised Exchanges have played a pivotal role in the crypto asset ecosystem, acting as fiat ramps, custodians, exchange, market makers and VCs, thereby consolidating a lot of power and responsibili...

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      • 18.03.2021

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        The Digital Investor

        DEXes – from market making to valuations

        This Digital Investor builds on concepts explained in The Bridge and analyses the landscape of decentralised exchanges (DEXes) for investors, from market making to different players. The first section...

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      • 11.03.2021

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        The Digital Regulator

        Illicit use of cryptocurrencies – Regulatory and market evidence

        Regulators have feared and combated the illicit use of cryptocurrencies since bitcoin was born. The adoption and regulation of cryptocurrencies is leading to less illicit transactions.

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      • 11.02.2021

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        The Digital Regulator

        The UK tackles stablecoins

        The UK is the third jurisdiction to address stablecoins after Switzerland and the EU.

        Read more
      • 05.02.2021

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        The Bridge

        Oracles – The Internet of Blockchains

        Just "knowing thyself" is not sufficient for a smart platform blockchain. Oracles are critical middleware that connect blockchains to the real world unlocking the full potential of platforms chains. T...

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      • 04.02.2021

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        The Digital Investor

        Decentralised Oracles: Chainlink

        Oracles are a critical middleware for smart contracts. We evaluate the need for decentralised oracles and how Chainlink is poised to accrue value as the oracles space grows.

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      • 18.01.2021

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        The Digital Investor

        Portfolio diversification: The contribution of digital assets

        Allocating digital assets in a portfolio can double the Sharpe ratio. Read the Digital Investor to understand the diversification potential of the digital asset class.

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      • 14.01.2021

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        The Digital Regulator

        Seven regulatory developments for 2021

        In this Digital Regulator, we propose seven regulatory developments that are likely to shape cryptofinance in 2021.

        Read more
      • 10.12.2020

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        The Digital Regulator

        Swiss DLT regulatory framework implementation

        The ongoing consultation on the ordinance in the distributed ledger technologies (DLTs) space is the last step in providing Switzerland with a comprehensive and globally unrivalled DLT regulatory fram...

        Read more
      • 03.12.2020

        /

        The Digital Investor

        Blockchain Interoperability (Part 2): THORchain

        Interoperability helps investors to increase the utilisation of their digital assets. This Digital Investor shows how THORchain facilitates better asset utilisation and dive into different factors cen...

        Read more
      • 12.11.2020

        /

        The Digital Regulator

        EU pilot regime for DLT-based market infrastructure

        The EU takes a circumspect approach regarding DLT-based market infrastructure despite recognising that no primary market can thrive without a secondary market.

        Read more
      • 05.11.2020

        /

        The Digital Investor

        Blockchain Interoperability: Towards a Connected Future

        Interoperability has the potential to create plumbing for the internet of value by connecting blockchains. Learn more about the challenges, the solutions, and the opportunities.

        Read more
      • 29.10.2020

        /

        The Bridge

        The Blockchain Trilemma

        The blockchain trilemma refers to the idea that a public blockchain cannot reach the desired level of decentralisation, security, and scalability all at once. In this edition of the Bridge, we introdu...

        Read more
      • 22.10.2020

        /

        The Digital Regulator

        The proposed EU framework for crypto-assets

        The EU tackles fragmentation and creates legal certainty by extending the regulatory perimeter to crypto-asset issuers and service providers. Implementation by 2024.

        Read more
      • 15.10.2020

        /

        The Digital Investor

        DeFi Investment Strategies: A Performance Review

        In this edition of The Digital Investor, we evaluate the performance of different DeFi portfolios. We test three different approaches – hold ETH as it is the major asset that gives exposure to DeFi, b...

        Read more
      • 24.09.2020

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        The Bridge

        Are blockchains that safe? How to attack and prevent attacks

        In this edition of The Bridge, we explore some well-known attacks which are commonly used to compromise blockchain networks and discuss how consensus mechanisms such as Proof of Stake and Proof of Wor...

        Read more
      • 17.09.2020

        /

        The Digital Regulator

        Which crypto-asset regulation for the European Union?

        In recent years, several European Union (EU) member states have developed their own crypto-asset regulations. The EU is now poised to introduce a single market regulation for crypto-assets.

        Read more
      • 14.09.2020

        /

        The Digital Investor

        DeFi: What happens when the music stops?

        In this digital investor, we examine the latest crypto market developments. We compare the 2017-2018 ICOs wave with the current DeFi wave and investigate the sustainability of the liquidity mining tre...

        Read more
      • 27.08.2020

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        The Bridge

        Classification and importance of nodes in a blockchain network

        In this edition of The Bridge, we explore the role of nodes in blockchain networks and how these different types are required to ensure the validity and security of data.

        Read more
      • 20.08.2020

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        The Digital Regulator

        The regulatory endorsement of global stablecoins (GSCs)

        Facebook unveiled project Libra in June 2019. A fundamental regulatory uncertainty regarding the future of GSCs followed. In July 2020, GSCs received a fundamental regulatory endorsement.

        Read more