This Week in Fintech ending 14 January 2021

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 Ethereum 2022: The Force Awakens

Last year was a turning point for the entire crypto industry. One thing that stood out was the growth of Defi, a decentralized financial system that is primarily based on the Ethereum blockchain. Ethereum not only made Defi possible but NFTs that went viral and primarily live on the Ethereum blockchain. Ethereum is powering just about every innovative and disruptive application that is changing the world. Many of these applications are already changing the world by inventing new ways to transfer property, funds, debt, and equity in a safe and secure way. When you look at the numbers, Ethereum had an epic 2021, with the price of ETH rising 400% and the total transaction volume for the year reaching $5 trillion. This is some serious volume. The general consensus is that Ethereum will outperform Bitcoin and we may even see a flippening. Will Atheneum’s market cap surpasses Bitcoin’s in 2022? Will 2022 be the year the Ethereum force awakens?

Editor note: A lot is riding on Ethereum’s ETH 2.0 upgrade in 2022. 


Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 2: Most of what is sold as Democratization of Wall Street is one of these 3 lies

Before looking at what real democratization of Wall Street could look like, today’s Part 2 looks at how purely profit oriented ventures that dress up the pitch in one of 3 democratization of Wall Street lies.

Editor note: These ventures are often very successful judged purely on their profit generation. It is their impact investing democratization of Wall Street pitch that is a lie.

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote his weekly roundup of Stablecoin news.



Rintu Patnaik, an Insurtech expert based in India, wrote: AIG200: $1.3 Bn in digitalization to regain past glory

During the financial crisis, American International Group (AIG) could only be saved by a government bailout. Since then, the prevailing sentiment has been that even without the crisis, AIG would have destroyed substantial value notwithstanding credit default swaps, largely on account of recurring material issues in its core operations. A decade after the crisis, AIG continued to struggle to generate an acceptable return.

Editor note: Most people who look at the Global Financial Crisis (GFC) in 2008 recall the bankruptcy of Lehman but the bailout of AIG might be the even bigger story.

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote his weekly roundup of XBRL news.


Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote his weekly roundup of Alt Lending news.


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