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Majority of Americans See Financial System as ‘Outdated,’ But Remain Skeptical of Crypto as Solution

A recent survey conducted by the Digital Currency Group and The Harris Group has revealed that a majority of Americans in swing states view the financial system as "outdated."

, by Ruholamin Haqshanas

Features

What DeFi Offers Beyond Lending for Crypto Speculation

Source: Adobe/JustSuper DeFi advocates claim that his nascent industry will continue to grow and, ultimately, make good on its promises."By removing the need to rely on intermediaries, DeFi makes traditional banking services far more accessible."Leading DeFi protocols are now seeking exposure to real-world assets.DeFi "has passed the threshold of speculation and investment."____Decentralized finance (DeFi), which is not so decentralized after all, is going through a period of...

, by Simon Chandler

Bitcoin News

After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC Push and Crypto Bashing

Source: Adobe/rosinka79 As central banks across the globe are now admitting they failed to keep inflation under control and by sharply rising rates threaten to push economies into recession, they now claim that they are the main source of trust in the monetary system. The Bank for International Settlements (BIS), sometimes referred to as ‘the central bank of central banks’, is out with a new report where it bashes the crypto industry while promoting what it calls “a...

, by Fredrik Vold

Babel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’

Source: Adobe/tiero Crypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity...

, by Sead Fadilpašić

DeFi and Blockchain ‘Are Real’ – JPMorgan CEO

Jamie Dimon, the CEO of JPMorgan. Source: a video screenshot Wall Street investment bank JPMorgan is persuaded that decentralized finance (DeFi) and blockchain technology bring major growth potential, and is determined to remain “at the forefront of this innovation,” Jamie Dimon,...

, by Jaroslaw Adamowski

DeFi Could Rely On CBDC, But More Bridges With Centralized Finance Are Needed – Expert Panel

Source: AdobeStock / Andrii Yalanskyi As decentralized finance (DeFi) and central banking share a number of objectives, building bridges between decentralized and centralized finance (CeFi) could open up new possibilities for the use of central bank digital currencies (CBDCs) , according...

, by Jaroslaw Adamowski

DeFi ‘Crucial’ for Financial Inclusion, CBDCs Still Welcome Despite Being Centralized

Source: Adobe/concept w Decentralized finance (DeFi) protocols are “crucial” for financial inclusion, particularly in the developing world. And despite being inherently centralized, central bank digital currencies (CBDCs) are a welcome part of that, said the participants at a...

, by Fredrik Vold

‘Big Holes’ Undermine Russia Sanctions – And It’s Not Crypto (Psst! It’s Traditional Politics & Finance)

A man in Mariupol, a city in Ukraine besieged and almost completely destroyed by Russian troops. Source: Twitter/SputnikATO An opinion columnist writing for Bloomberg has identified two flaws that “fundamentally undermine” the United States and EU-led “sanctions regime”...

, by Tim Alper

45% of Surveyed US Financial Advisors Expect to Use Crypto Per Clients’ Request

Source: Adobe/Artem About 45% of surveyed US financial advisors say they expect to use crypto in the future in response to client requests, according to a recent report released by financial research and consulting firm Cerulli Associates. However, 7% declare they currently use such assets...

, by Jaroslaw Adamowski

Metaverse Banking: HSBC Enters The Sandbox as JPMorgan Tests Decentraland

Source: a srescreenshotenshot, The Sandbox With major financial institutions increasingly moving into the metaverse, UK bank HSBC is the first global financial services provider to enter virtual world The Sandbox, following in the steps of US-based banking giant JPMorgan which recently set up...

, by Jaroslaw Adamowski

Another Putin’s Mistake of the Ukraine War – Trusting the Western Financial System

The road to the Russian embassy in Vilnius, Lithuania. Source: Twitter/@RemiSimasius Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University._____ The West is arraying financial weapons never deployed before against a country of Russia’s size,...

, by Peter Martin

Could the Ukraine Invasion Spark a Global Financial Crisis?

Source: Twitter/@EuromaidanPress Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University. ____ The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s war, western leaders announced...

, by Nasir Aminu

Russian Central Bank Claims its SWIFT Alternative Is Ready

Source: AdobeStock / 999xy The Russian Central Bank is talking up its SWIFT alternative as they try to go it alone without a way into the international banking network.With Western nations and their allies enacting a SWIFT ban on Russian banks following initial resistance from nations such as...

, by Tim Alper

Western Allies Claim their Targetted Russian Sanctions Trump a SWIFT Ban as Russian Occupiers Near Kyiv

Ukraine forces are destroying bridges to stop Russian advance. Source: Twitter/@nexta_tv The EU claimed it has created a “package of sanctions” that will be “massive and painful” for Russia. It stated that the new sanctions would remove some 70% of Russia’s...

, by Tim Alper

This Is Why TradFi Will Integrate DeFi into Global Finance

Source: Adobe/imaginando Hisham Khan is the Co-founder and CEO of Aldrin, a developer of a DeFi ecosystem._______Now more than ever, traditional financial services are responding to the needs and demands of their customers, recognizing that the increasing adoption of crypto assets as an...

, by Hisham Khan

The TradFi-DeFi Tug of War: Is a DeFi-Only Utopia Possible?

Source: Squid Game, video screenshot / YouTube Will Hamilton is Head of Trading & Research at TCM Capital, a wholly-owned subsidiary of Token Capital Management & Technologies Pte Ltd. __________Decentralized finance or DeFi is already level pegging with global multinational...

, by Will Hamilton

How DeFi Can Help Narrow Wealth Gap

Source: Adobe/Hyejin Kang Hisham Khan, CEO of Aldrin, a Solana-powered crypto exchange._____In 2021, we saw crypto become more accessible to those who truly need it. In 2022, we could finally see the wealth gap start to narrow.While a significant portion fueling the adoption of crypto has been...

, by Hisham Khan

US Regulator Tells Credit Unions They Can Team Up with Crypto Firms

Source: AdobeStock / Postmodern Studio America’s credit regulator, the National Credit Union Administration (NCUA) has told domestic credit unions that they can partner with third-party cryptoasset service providers to give their members access to crypto markets.The NCUA outlined its...

, by Tim Alper

Bitcoin-Backed Mortgages Coming to the US and Canada in 2022 as Ledn Raises USD 70M

Source: Adobe/Jay Crihfield A new bitcoin (BTC)-backed mortgage product that allows clients to borrow up to 100% of the value of their BTC stack might be launched in the US and Canada within months by digital asset savings and credit start-up Ledn.The new mortgage product remains in pilot mode...

, by Fredrik Vold

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# Financial Services

All #Financial Services

Majority of Americans See Financial System as ‘Outdated,’ But Remain Skeptical of Crypto as Solution

What DeFi Offers Beyond Lending for Crypto Speculation

After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC Push and Crypto Bashing

Cryptonews in numbers