What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review.
Interesting insights were provided this week by a study from the Cambridge University. In their third edition of the "Global Cryptoasset Benchmarking Study", the authors determined that the estimated number of cryptoasset users worldwide is now around 101 million. The study also explores the growth within different sectors of the crypto ecosystem. Despite a decline in employment numbers since the 2017 peak, the " Digital Asset" landscape is growing steadily. Other interesting insights into the mining activities as well as regional differences in the use of various cryptocurrencies are summarized in our report.
Investment banking and fund management specialist James Butterfill, explains the difficulty of defining Bitcoin as an asset class. In an analysis of the historical development and the near future, Butterfill explains why he expects investors to increasingly use Bitcoin as a store of value.
Traditionally, illiquid assets such as land, art or real estate have been limited either to geographical boundaries or accredited investors. The tokenization of assets enables partial ownership of such assets. The use of smart contracts simplifies processes such as settlement, compliance, distribution and reporting. A real-world example is a Bolivian cattle farm project. With the Finka-Token an investor obtains a share in the production and its revenue. In an interview, Carlos H. Fernandez Mazzi, founding partner of Finka GmbH, gives insight into the project.
In January 2021, the Crypto Finance Conference - one of the most exclusive digital asset and blockchain conferences for investors - will take place for the fourth time in St. Moritz, Switzerland. Speakers from Winklevoss Capital, the Swiss National Bank, the European Parliament and others will be present. Last year we were able to talk to Nicolo Stoehr, one of the founders.
Furthermore: With the rapid growth of the decentralized finance sector (DeFi), it is difficult to keep track. Yves Longchamp explains the principles and outlines why DeFi is an interesting experiment in token design and governance of open source protocols and why DeFi protocols like Yearn Finance will continue to flourish.
Selected articles in the weekly review:
Since the boom year 2017, a decline in employment in the crypto ecosystem has been observed. Nevertheless, the sector grew as much as 21% in 2019. Bitcoin continues to dominate the area of application. Interesting results of a Cambridge study.
Is Bitcoin as an investment comparable to a stock, a money laundering vehicle, a value investment or something completely different? The history and future of the crypto currency as an asset class.
Traditionally, assets such as land, art, etc. have been limited either to geographical boundaries or accredited investors. Through tokenization, assets can be made available to a wider audience. A real-life example.
In January 2021, the Crypto Finance Conference - one of the most exclusive digital asset and blockchain conferences for investors - will take place for the fourth time in St. Moritz, Switzerland.
The liquidity mining trend is unsustainable and could end with a collapse that will decimate most of the newly developed DeFi protocols, says Yves Longchamps.