This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.
Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis wrote Hunting for crypto unicorns
This week, on Tuesday, Bitcoin’s price set a new all-time high of more than $50,000. This week, on Friday, Bitcoin’s market cap exceeded $1 trillion. This week, on Saturday, Bitcoin’s price set another all-time high, crossing $57,000. What a week it’s been. Certainly, we are going to see more weeks like this one ahead in 2021. The corporate world is validating bitcoin. Bitcoin currently is worth roughly $225 billion more than Tesla, the company that responsible for the recent surge in the cryptocurrency’s price. Payment giants, Square and PayPal, let their users buy and sell it. Credit card processors, Visa and Mastercard are also embracing cryptocurrencies. More and more institutional and retail investors are getting into bitcoin and cryptocurrencies. But surging prices are not the only thing you can expect to see. Venture capital investment in this space is going to heat up even more, as investors look for the next crypto unicorn.
Editor note: When Bitcoin and Altcoin prices go up, investors search for early stage ventures that will benefit from a crypto bull market.
Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 4: What changes can we expect in future?
Politicians and media are all over this story like a cheap suit. Much change will come from all of this. Here is my rating (high, medium, low) on 8 possible changes.
Editor note: This is the concluding post of a 4-parter on Wall Street Bets vs Hedge Funds.
Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 24 February 2021.
This weekly snapshot is the news that matters in the Stablecoin market.
Rintu Patnaik, an Insurtech expert based in India, wrote: The Internet Of (Insured) Things Part 3: Commercial Lines.
Commercial insurance plays a crucial role in global economies. It protects businesses from failure by assuming risks in production of goods and services. In USA alone, there are over seven million small businesses, ranging from construction firms to grocery stores to home-based businesses. Without right coverages, each could be devastated by disasters or lawsuits. In commercial lines, IoT is in early stages of development, but is heralding a future of differentiated products and services with more equitable premiums, usage-based coverage and tailored interventions.
Editor note: In this Part 3 on The Internet Of Things, Rintu describes how this is changing Commercial Insurance.
Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote: XBRL News about carbon, Chinese bonds and the disclosure cloud
Editor note: This weekly snapshot is the news that matters in the XBRL market.
Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Never underestimate Bloomberg, but here are 5 reasons why the Gamestonk Terminal is a contender
learned to never underestimate Bloomberg in the ‘90s on Wall Street when everybody said open that data feeds would beat a closed terminal like Bloomberg – all were wrong.
Then we had a lot of hype about Symphony messaging as a Bloomberg killer. It made sense. Messaging among traders was what kept traders hooked to their expensive Bloomberg habit even when the data part was simple to replicate. Symphony was created, backed and used by Goldman Sachs.
Still the Bloomberg terminal is very much alive and well.
So why am I excited by a bit of open source on Github called Gamestonk Terminal shown to Hacker News by a lone programmer?
Editor note: Most disruptive innovation looks unlikely even ridiculous at first.
Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote: Alt Lending for week ended 26 February 2021.
Editor note: This weekly snapshot is the news that matters in the Alt Lending market.
Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy and occasional opinion columnist.
To continue receiving ‘This Week in Fintech’, the weekly recap of our articles, you will need to fill this form to give us consent to send this to you. Please note that Daily Fintech requires your organizational email address (e.g. corporate, educational or government) and your LinkedIn URL. This information is required for subscribers who want ‘This Week in Fintech’ for free. If you prefer to not provide this information, you can still receive all our content by becoming a paying member.