This week, as summer ends, 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 Knock, Knock. Who’s there? Bitcoin
Bitcoin’s price hit $49,803 on Saturday afternoon, the highest it has reached since March 5, 2021. After trading between $30,000 and $40,000 for several weeks, bitcoin is nearing the key $50,000 level as it continues to climb back toward high points seen earlier this year. As I write this post, the entire crypto market cap is over $2 trillion. In 2021 Bitcoin’s price is up 57%, Ether’s has risen 400%, and Dogecoin has soared 13,000%.
Editor note: Ilias makes a persuasive case for the next leg of the Bitcoin bull market.
Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 4 How “sustainable capitalism” connects the dots between Financial Inequality and Climate Crisis via Fintech
The concept of “sustainable capitalism” does NOT mean the latest CleanTech unicorn ie growth at all costs to make a few shareholders vastly wealthy. That may produce solutions to help mitigate the Climate Crisis, but “sustainable capitalism” is a more radical concept that is about enabling billions to earn a good living – within a capitalist system. Sustainable capitalism will be enabled by four types of Fintech driven innovation.
Editor note: Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. This is the concluding part 4, see here for 1,2,3.
Rintu Patnaik, an Insurtech expert based in India, wrote: Rising Ransomware Attacks force Rate Corrections, raise concerns on Viability
A continuous wave of ransomware attacks since early 2020, has destabilized critical infrastructure around the world and exacerbated the pandemic’s economic distress. Insurers that protect companies against cyberattacks are shoring up prices with cyber policies rising unheard-of price levels. Cyber risk, a lucrative business line since its introduction in the 1990s, had seen the industry make handsome profits in most years. But the burgeoning of sophisticated ransomware gangs who freeze system networks in a bid to extort, is scrambling the cyber insurance business model.
Editor note: Insurance is a business based on buyers perceiving a risk as being worse than it is in reality. When risk/reality ratio gets close to parity or worse, the business suffers.
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.