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EU commission proposes loosening Basel requirements on securitisation of debt.
Securitisation means that investors can buy debt-product and you could invest in these yourself.
The commission argues that, after the Financial Crisis of 2008, the EU rules have been too strict, preventing companies from raising capital and contributing to the laggard EU economy.
However, if the rules are loosened too much, there will be another blow-up. Be sure you are stacked with #Bitcoin. Famously, the Bitcoin genesis block contains text referencing the news article about the financial crisis bailout.
Securitisation means that investors can buy debt-product and you could invest in these yourself.
The commission argues that, after the Financial Crisis of 2008, the EU rules have been too strict, preventing companies from raising capital and contributing to the laggard EU economy.
However, if the rules are loosened too much, there will be another blow-up. Be sure you are stacked with #Bitcoin. Famously, the Bitcoin genesis block contains text referencing the news article about the financial crisis bailout.
What's latest with Grayscale and GBTC? They fought hard to bring bull, but did they ever benefit themselves?
The upcoming potential apocalypse of the US Treasury Markets (and thus stablecoins).
But we should be clear-eyed about what is coming. The United States is not going to absorb greatly increased monetary risk without exercising control over its domestic counterparties. What looks benign at ~$200 billion market size is going to look like a ticking time bomb at $2 trillion and, in the long term, we shouldn’t assume that stablecoin adoption will end there. With M2 (money supply) approaching $24 trillion, it is plausible that stablecoins could far exceed $2 trillion.
By @broganlawxyz
But we should be clear-eyed about what is coming. The United States is not going to absorb greatly increased monetary risk without exercising control over its domestic counterparties. What looks benign at ~$200 billion market size is going to look like a ticking time bomb at $2 trillion and, in the long term, we shouldn’t assume that stablecoin adoption will end there. With M2 (money supply) approaching $24 trillion, it is plausible that stablecoins could far exceed $2 trillion.
By @broganlawxyz
Why is Coinbase sponsoring military efforts?
Everyone knows wars and conflicts tend to be bad for the price of Bitcoin.
Everyone knows wars and conflicts tend to be bad for the price of Bitcoin.
Monthly highlights from the DeFi founders' newsletter
Follow here https://x.com/DeFiFounders
Follow here https://x.com/DeFiFounders
1/ HOW TO GO FROM $0 to $4M IN ONE YEAR.
Tips from one of the most successful crypto founder.
Tips from one of the most successful crypto founder.
I am willing to bet $1000 with someone that bank transfers are always slower or equally fast as stablecoin transfers.
Some chickedshit crypto hater wanted to make a bet with me on LinkedIn, but backed out.
Some chickedshit crypto hater wanted to make a bet with me on LinkedIn, but backed out.
Key details on how the Coinbase KYC leak happened.
TaskUs, a US-based task outsourcing company, claims that the breach was conducted by only two of its Indian employees based in Indore.
Also this confirms Coinbase knew about the leak, but did not properly report it in timely manner, exposing itself to GDPR violations on the top of SEC disclosure requirements.
TaskUs, a US-based task outsourcing company, claims that the breach was conducted by only two of its Indian employees based in Indore.
Also this confirms Coinbase knew about the leak, but did not properly report it in timely manner, exposing itself to GDPR violations on the top of SEC disclosure requirements.
Revenue per employee.
Blockchain protocols are in their own class of efficiency because the goal of protocols is to bring down the headcount to zero. Blockchains are a step in the chain of many steps of automation and replacing manual tasks with machines.
Eventually the number of employees working on a protocol should go to zero.
But this time, the automation threatens high-skilled white collar workers like bankers and regulators. It is politically much more sensitive topic and thus it is expected to receive much more regulatory pushback, like self-driving cars.
For example, I feel Bitcoin "employees" is already close to zero, as there is no need for much new innovation come out from there anymore, and the protocol is fully ossified.
I wrote a boomer-friendly article explaining the topic some time ago, as this is the key principle what makes blockchains valuable:
Blockchain protocols are in their own class of efficiency because the goal of protocols is to bring down the headcount to zero. Blockchains are a step in the chain of many steps of automation and replacing manual tasks with machines.
Eventually the number of employees working on a protocol should go to zero.
But this time, the automation threatens high-skilled white collar workers like bankers and regulators. It is politically much more sensitive topic and thus it is expected to receive much more regulatory pushback, like self-driving cars.
For example, I feel Bitcoin "employees" is already close to zero, as there is no need for much new innovation come out from there anymore, and the protocol is fully ossified.
I wrote a boomer-friendly article explaining the topic some time ago, as this is the key principle what makes blockchains valuable:
Revenue per employee.
Blockchain protocols are in their own class of efficiency because the goal of protocols is to bring down the headcount to zero. Blockchains are a step in the chain of many steps of automation and replacing manual tasks with machines.
Eventually the number of employees working on a protocol should go to zero.
But this time, the automation threatens high-skilled white collar workers like bankers and regulators. It is politically much more sensitive topic and thus it is expected to receive much more regulatory pushback, like self-driving cars.
For example, I feel Bitcoin "employers" is already close to zero, as there is no need for much new innovation come out from there anymore, and the protocol is fully ossified.
I wrote a boomer-friendly article explaining the topic some time ago, as this is the key principle what makes blockchains valuable:
Blockchain protocols are in their own class of efficiency because the goal of protocols is to bring down the headcount to zero. Blockchains are a step in the chain of many steps of automation and replacing manual tasks with machines.
Eventually the number of employees working on a protocol should go to zero.
But this time, the automation threatens high-skilled white collar workers like bankers and regulators. It is politically much more sensitive topic and thus it is expected to receive much more regulatory pushback, like self-driving cars.
For example, I feel Bitcoin "employers" is already close to zero, as there is no need for much new innovation come out from there anymore, and the protocol is fully ossified.
I wrote a boomer-friendly article explaining the topic some time ago, as this is the key principle what makes blockchains valuable:
SEC dismisses its case against Binance
Stablecoin effects on Treasury Markets
By Joshua Rosenberg
BIS paper here https://www.bis.org/publ/work1270.pdf
By Joshua Rosenberg
BIS paper here https://www.bis.org/publ/work1270.pdf
You can no longer browse Binance news in Germany.
I guess this is the result of ESMA/FCA strict interpretation that even talking about crypto is promoting crypto.
IMHO, reading news is useful for investors to make rational decisions. Promoting the narrative that everything should fall within strict pre-approval regime is not creating healthy markets. This will simply lead to people obtaining their information from questionable screenshots in questionable WhatsApp groups.
Also, if you need a VPN, I have several recommendations.
I guess this is the result of ESMA/FCA strict interpretation that even talking about crypto is promoting crypto.
IMHO, reading news is useful for investors to make rational decisions. Promoting the narrative that everything should fall within strict pre-approval regime is not creating healthy markets. This will simply lead to people obtaining their information from questionable screenshots in questionable WhatsApp groups.
Also, if you need a VPN, I have several recommendations.
MFSA (Malta Financial Services Authority) published a letter to crypto CEO regulated in Malta.
The first point of the letter is complaining about UX. While I understood this maybe a problem for crypto websites, I feel it's probably not regulators duty to complain about this, as it feels tax payers money misused. Also if the regulator is insufficiently resourced that they cannot hire experts who can navigate complex websites, then they may have bigger problems.
Also I bet they do not do these kind of letters for banks.
The first point of the letter is complaining about UX. While I understood this maybe a problem for crypto websites, I feel it's probably not regulators duty to complain about this, as it feels tax payers money misused. Also if the regulator is insufficiently resourced that they cannot hire experts who can navigate complex websites, then they may have bigger problems.
Also I bet they do not do these kind of letters for banks.
MFSA (Malta Financial Services Authority) published a letter to crypto CEO regulated in Malta.
The first point of the letter is complaining about UX. While I understood this maybe a problem for crypto websites, I feel it's probably not regulators duty to complain about this, as it feels tax payers many misued. Also if the regulator is insufficiently resourced that they cannot hire experts who can navigate complex websites, then they may have bigger problems.
Also I bet they do not do these kind of letters for banks.
The first point of the letter is complaining about UX. While I understood this maybe a problem for crypto websites, I feel it's probably not regulators duty to complain about this, as it feels tax payers many misued. Also if the regulator is insufficiently resourced that they cannot hire experts who can navigate complex websites, then they may have bigger problems.
Also I bet they do not do these kind of letters for banks.
Digital Euro and killing stablecoins through regulation, the ECB playbook.
This is because the EU/Euro has not been able to create its own technology champions in the payment industry. This follows the path of failed PSD and PSD2 regulations to "support innovation", through more regulation, as politicians call it.
ECB fails to understand that stablecoins are a technology business, not a financial business.
As commented by @alex_bechtel_de
This is because the EU/Euro has not been able to create its own technology champions in the payment industry. This follows the path of failed PSD and PSD2 regulations to "support innovation", through more regulation, as politicians call it.
ECB fails to understand that stablecoins are a technology business, not a financial business.
As commented by @alex_bechtel_de
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