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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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        June’s Crypto Odyssey

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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

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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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        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

        /

        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...

        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...

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      • 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 ...

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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

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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...

        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

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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...

        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
      • 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.

        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
      • 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...

        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...

        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.

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      • 03.12.2020

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        The Digital Investor

        Blockchain Interoperability (Part 2): THORchain

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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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      • 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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      • 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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      • 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...

        Read more
      • 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...

        Read more
      • 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. ...

        Read more
      • 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

        /

        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

        /

        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

        /

        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

        /

        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

        /

        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.

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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

        /

        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

        /

        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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          Correcting Course: April’s Crypto Recap

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          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

          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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          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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          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

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

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          ESG in Crypto: Building a Responsible and Inclusive Economy

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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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          Zero-Knowledge Proofs Explained

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          July’s Blockchain Marvel

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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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          The Digital Investor

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          Ethereum Self-sustaining Engine: A Financial Model

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          The Digital Investor

          Crypto Defies Adversity

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          The Bridge

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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

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        • 12.01.2023

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          Digital Assets 2022: A Retrospective

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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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          The Digital Investor

          Nearing Inflexion

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        • 22.09.2022

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          The Digital Regulator

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          The Digital Investor

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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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          Ethereum Leading Market Recovery

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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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        • 19.05.2022

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          The Bridge

          Metaverse

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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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          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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          The Digital Investor

          Strong Fundamentals Enabling Growth

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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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          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

          /

          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
        • 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
        • 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
        • 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
        • 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

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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...

          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

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          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.

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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. 

          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.

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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

          /

          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

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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...

          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...

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        • 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

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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, ...

          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

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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...

          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

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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.

          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

          /

          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.

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        • 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.

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        • 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.

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        • 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

          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...

            Read more
          • 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.

            Read more
          • 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.

            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
          • 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...

            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.

            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

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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...

            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

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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

            /

            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
          • 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
          • 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...

            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
          • 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.

            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...

            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 ...

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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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          • 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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          • 03.12.2020

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            The Digital Investor

            Blockchain Interoperability (Part 2): THORchain

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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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          • 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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          • 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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          • 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,...

            Read more
          • 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. ...

            Read more
          • 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.

            Read more
          • 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

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            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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            • 06.06.2024

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              The Digital Investor

              The May Crypto Roundup: Big Moves and High Hopes

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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

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              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

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              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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              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

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            • 04.05.2023

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              The Digital Investor

              Ethereum Self-sustaining Engine: A Financial Model

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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

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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

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            • 15.09.2022

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              The Digital Regulator

              The development of cryptofinance regulation – National focus

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            • 08.09.2022

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              The Digital Investor

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              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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              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 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

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              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...

              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
            • 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
            • 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
            • 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
            • 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
            • 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
            • 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...

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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...

              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.

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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...

              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.

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            • 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...

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            • 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...

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            • 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. 

              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

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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

              /

              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

              /

              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...

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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

              /

              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.

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            • 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...

              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
            • 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
            • 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

              /

              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

              /

              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

              /

              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

              /

              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.

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            • 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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              • 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

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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

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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

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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...

                Read more
              • 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...

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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.

                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

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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

                /

                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
              • 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
              • 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.

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              • 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...

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              • 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...

                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
              • 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
              • 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

                /

                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

                /

                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
              • 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

                /

                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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                • 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.

                  Read more
                • 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.

                  Read more
                • 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.

                  Read more
                • 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.

                  Read more
                • 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.

                  Read more
                • 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).

                  Read more
                • 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.

                  Read more
                • 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.

                  Read more
                • 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.

                  Read more
                • 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.

                  Read more
                • 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.

                  Read more
                • 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

                  Read more
                • 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).

                  Read more
                • 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.

                  Read more
                • 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...

                  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...

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                • 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
                • 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...

                  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
                • 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...

                  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
                • 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
                • 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
                • 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
                • 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
                • 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
                • 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
                • 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
                • 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
                • 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
                • 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...

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                • 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...

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                • 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 ...

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                • 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...

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                • 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...

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                • 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.

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                • 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...

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                • 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.

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                • 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...

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                • 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.

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                • 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...

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                • 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. 

                  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.

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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.

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                • 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.

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                • 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).

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                • 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...

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                • 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

                  /

                  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

                  /

                  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...

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                • 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...

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                • 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...

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                • 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...

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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

                  /

                  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

                  /

                  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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                • 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...

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                • 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...

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                • 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...

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                • 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...

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                • 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...

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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.

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                • 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...

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                • 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
                • 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...

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                • 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. ...

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                • 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...

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                • 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...

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                • 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.

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                • 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...

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                • 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...

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                • 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.

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                • 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

                  /

                  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 ...

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                • 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...

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                • 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.

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                • 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

                  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

                    /

                    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

                    /

                    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

                    /

                    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
                  • 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.

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                  • 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...

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                  • 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...

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                  • 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...

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                  • 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...

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                  • 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
                  • 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 ...

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                  • 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...

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                  • 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...

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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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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

                    /

                    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...

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                  • 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 ...

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                  • 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 ...

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                  • 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...

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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

                    /

                    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...

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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.

                    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...

                    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...

                    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
                  • 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
                  • 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

                    /

                    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

                    /

                    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
                  • 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

                    /

                    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

                      June’s Crypto Odyssey

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

                      Read more
                    • 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.

                      Read more
                    • 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.

                      Read more
                    • 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.

                      Read more
                    • 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.

                      Read more
                    • 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).

                      Read more
                    • 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.

                      Read more
                    • 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.

                      Read more
                    • 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.

                      Read more
                    • 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.

                      Read more
                    • 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.

                      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
                    • 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.

                      Read more
                    • 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

                      Read more
                    • 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).

                      Read more
                    • 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.

                      Read more
                    • 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.

                      Read more
                    • 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...

                      Read more
                    • 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...

                      Read more
                    • 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 ...

                      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
                    • 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

                      /

                      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
                    • 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
                    • 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
                    • 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 ...

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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...

                      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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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
                    • 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.

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                    • 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.

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                    • 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

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                      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. 

                      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.

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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.

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                    • 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

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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...

                      Read more
                    • 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

                      /

                      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

                      /

                      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...

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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

                      /

                      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

                      /

                      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

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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...

                      Read more
                    • 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...

                      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.

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                    • 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...

                      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
                    • 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
                    • 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

                      /

                      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

                      /

                      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

                      /

                      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.

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                    • 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

                      /

                      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.

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                    • 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...

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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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                    • 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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                    • 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.

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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.

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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.

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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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                    • 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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                    • 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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                    • 16.04.2020

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                      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...

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                    • 12.03.2020

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                      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...

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                    • 13.02.2020

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                      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...

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                    • 16.01.2020

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                      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.

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                    • 11.12.2019

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                      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 ...

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                    • 14.11.2019

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                      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...

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                    • 17.10.2019

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                      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...

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