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The Future of Finance: How Bitcoin is Revolutionizing Peer-to-Peer Transactions and Financial Planning #Bitcoin #blockchainbasedfinance #decentralizedarchitecture #financialinstitutions #financialplanning #futureoffinance #growingacceptance #highenergyconsumption #institutionalinvestors #layertwoscalingsolutions #longterminvestment #peertopeertransactions #regulatoryuncertainty #scalability #Security #stability #sustainableminingpractices

The Future of Finance: How Bitcoin is Revolutionizing Peer-to-Peer Transactions and Financial Planning #Bitcoin #blockchainbasedfinance #decentralizedarchitecture #financialinstitutions #financialplanning #futureoffinance #growingacceptance #highenergyconsumption #institutionalinvestors #layertwoscalingsolutions #longterminvestment #peertopeertransactions #regulatoryuncertainty #scalability #Security #stability #sustainableminingpractices

The Future of Finance: How Bitcoin is Revolutionizing Peer-to-Peer Transactions and Financial Planning #Bitcoin #blockchainbasedfinance #decentralizedarchitecture #financialinstitutions #financialplanning #futureoffinance #growingacceptance #highenergyconsumption #institutionalinvestors #layertwoscalingsolutions #longterminvestment #peertopeertransactions #regulatoryuncertainty #scalability #Security #stability #sustainableminingpractices

https://lnkd.in/gCWwZVe7 Keen to know more on #stablecoins - What are stablecoins? Are they different from #cryptocurrencies and if so, how? What is their purpose? What incorporates stability into these tokens? Can they lose value? What are various types of stablecoins? And the concerns/challenges around them? Where are these tokens used? Check out this link for some answers - https://lnkd.in/gCrCNrFg

US BASED SPOT BITCOIN ETFs HAVE OFFICIALLY BEEN APPROVED BY THE SEC!!! This milestone marks a significant leap forward for the digital asset space, as this is the first time that a spot Bitcoin ETF has been approved for listing in the US. Bloomberg estimates up to US $4 billion in inflows on the first day of trading while Standard Chartered estimates up to US $50 billion to US $100 billion in inflows in the first year. DigitalX is the only ASX-listed digital asset company in Australia, with two Funds holding Bitcoin on behalf of investors. Find out more about our digital asset funds here 👉 https://lnkd.in/gAkBkNzQ Watch the below ausbiz interview with DigitalX CEO Lisa Wade, as she discusses the status of the ETFs as well as the following topics: 1. The Bitcoin rollercoaster 2. What is the digital asset outlook for 2024? 3. What are the details of the recently released DigitalX Share Purchase Plan? 4. Leveraging the future of Bitcoin and real world asset tokenisation Click the link to view the full interview > https://lnkd.in/gg6DYeJU Toby Hicks Peter Rubinstein Greg Dooley Jaime Underdown Alex Nagorskii Pratik Kala Hannah Pham Omer Mohammad Murray McPhee Antonia S. 📈 Yuvraj Singh™

It’s going to be a race to what bank, institution, billionaire & millionaires can hold the most from the scarce 21 million supply of bitcoin that will ever exist. It’s already happening. The next generation are going to think we are legends

PayPal's stablecoin is a big step forward for crypto's legitimacy but not much yet for the cause: For greater crypto adoption to occur, we need traditional finance (TradFi) and decentralized finance (DeFi) to join forces in symbiotic harmony ...

The #DLT technology was initially promoted by people foreseeing a #Bankless finance future and certainly brought outsiders and fresh ideas within Finance but we also have strong expertise within Banks that should not be discarded ! We can indeed see great initiatives in banks like #HSBC based on #blockchain technologies and the promise of increased #FinancialInclusion for those who can't have a bank account and reduced costs for micropayments used by small businesses who cannot afford current fees will still involve Banks in my opinion. Payments disintermediation between parties will hopefully contribute to cost reduction and not only thanks to p2p transactions, this will also be the case through Banks b2b Business cases. https://lnkd.in/eUQUvBiu

Big banks are in the process of lobbying the SEC for a rule change to enter ETF market. They proposed exempting banks from the on-balance sheet requirements while upholding disclosure obligations. This approach would enable banks to partake in select crypto activities while maintaining transparency for investors. On Feb. 14th, a letter to SEC Chair Gary Gensler, a coalition comprising the Bank Policy Institute, the American Bankers Association, the Securities Industry and Financial Markets Association, and the Financial Services Forum advocated their stance. Crypto custodial The coalition urged the SEC to reassess a regulation that made it expensive for traditional banks to offer crypto custody services. Current rules require these financial institutions to classify cryptocurrencies as liabilities on their balance sheets. Therefore, the banks must allocate assets equivalent to the crypto holdings to mitigate potential losses and adhere to the strict regulatory capital requirements. The coalition contended that this rule hampered them from acting as custodians for the newly introduced Bitcoin ETFs, a role they commonly undertook for most other Exchange-Traded Products (ETPs). This limitation, the group argued, stemmed from factors such as the “Tier 1 capital ratio and other reserve and capital requirements.” “If regulated banking organizations are effectively precluded from providing digital asset safeguarding services at scale, investors and customers, and ultimately the financial system, will be worse off, with the market limited to custody providers that do not afford their customers the legal and supervisory protections provided by federally-regulated banking organizations.” The group further emphasized the need to mitigate the concentration risk of a single non-bank entity dominating the custodial services for these Bitcoin ETFs. According to the group, allowing prudentially regulated banks to offer custodial services for SEC-regulated ETFs, similar to qualified non-bank asset custodians, could address this concern. Coinbase, the largest US-based crypto trading platform, is the unnamed non-bank entity mentioned in the letter. The exchange serves as the asset custodian for 8 of the ETF issuers. The group urged the SEC to refine the definition of crypto outlined in Staff Accounting Bulletin 121 (SAB 121) to exclude traditional financial assets recorded or transferred on blockchain networks. “SAB 121 makes no distinction between asset types and use cases, but instead generally states that crypto-assets pose certain technological, legal, and regulatory risks requiring on-balance sheet treatment,” they added. https://lnkd.in/dE3AMKyV