Digital Money

Digital Currency – What does it take to launch a CBDC?

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China’s digital yuan has been in the WORKS SINCE 2014. The launch date, however, still remains unknown The Riksbank, Sweden’s central bank, has announced the launch of a YEAR-LONG PILOT PROJECT of its proposed e-krona. A digital dollar has...
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Three Simple Questions (And One Difficult One) To Ask Before Investing In A Blockchain

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There has never been a better time to be learning about blockchain. Between the rate of growth amongst currencies like Bitcoin or Litecoin and the wide-reaching applications outside the financial sector, distributed ledger technologies...
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5 Potential Blockchain Use-cases that can save the environment

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Blockchain technology has become synonymous with innovation and disruption. While several sectors like healthcare, education, and finance have significantly benefited from blockchain-integration, one of the more promising use-cases may catch you completely by surprise....
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Digital Currencies, Blockchain and the Future of Money

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“Blockchain”, “cryptocurrencies”, “tokenisation”, and now “central bank digital currencies” have made it into the technology hype cycle vocabulary, but what’s the difference between all these terms and what do they mean for the future...
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Thoughts on the Long Term Winner

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Today we are going to discuss how the long term survivability of a prospective crypto asset is the single best indicator of its investment quality. We will also consider capital’s role in this model...
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Observations on Token Derivatives – Part Two

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In Part 2, we continue discussing how to use the MOVE Contract by understanding how does the buyer operate. Further, we discuss the practical results of the strategy and before we conclude, we discuss...
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Observations on Token Derivatives – Part One

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In Part 1, we introduce FTX’s MOVE Contract with profit and loss visualisation, and how to use the MOVE Contract. Derivatives have become a competitive field in cryptocurrency trading. Whether it's traditional complex derivatives like...
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The Blockchain Industry is in a Tight Spot, How to Break Out of the...

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In Part 1, we discuss the reasons for the perplexity, industries that disappeared in history, and difficulties in investing in an emerging industry.  BTC has risen steadily from $3k USD at the beginning of the...
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Ponzi Financing, Negative Interest Rates and Bitcoin, Part 2

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In Part 1, we analyzed the Ponzi financing model, and further study the paradigm shift of the three financing models. Today, we discuss the investment logic of hedging and Ponzi, as well as the...
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Ponzi Financing, Negative Interest Rates and Bitcoin

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In previous series of our Ponzi analysis, we have established a simple model – the old school Ponzi model. In this model, we have made several intuitive conclusions: Ponzi is essentially a process of...
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Sparks Interview – W. Brian Arthur: A Historical Transformation Is Taking Place, And We...

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In this session of Sparks Interview, we are honoured to have the father of Complexity economics, W. Brian Arthur, with us to share some of his views on Bitcoin and Blockchain as well as...
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Will the Cryptocurrency Industry be Dead or Alive? 

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“Till the end of 2020, what do you think are the futures of the token market?” In early September, we had a debate within X-Order about the future of the token market. Interestingly, our views...
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The Shadowy World of Crypto

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Should you really trust your money with these currencies? It is estimated that $400 billion, yes billion, has been wiped off the value of major cryptocurrencies since January 2018. Today, the word billion is tossed...
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New Cycle? Four Future Possibilities of Bitcoin, Part 2 

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In Part 2, we continue to observe public information to draw four possible future scenarios (three scenarios will be explained in Part 2), of which we will analyze its impact on the price of...
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New Cycle? Four Future Possibilities of Bitcoin, Part 1  

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In Part 1, we draw relations from the key factors of the global macro economy to Bitcoin’s future. By observing public information, we are able to draw four possible future scenarios (only one scenario...
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A Decomposition Of The Bitcoin Block Header

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The Bitcoin block header contains important information inside the block. These are divided into 6 fields which provide details of the block summary. Aside from the block header, there are the transactions and the coinbase field which are separate...
Crypto betting

The Crypto Betting Industry (Prediction Markets): An Overview

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What Are Prediction Markets A prediction market is a collection of people speculating on the occurrence of events in the future. Some of these events include: election results, commodity prices, sporting events, and more. Through...
Decentralized Finance

Decentralized Finance Part 2: The Behavioral Science Perspective

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Decentralized Finance (DeFi) is making waves with several of its (crypto-)currencies, platforms and protocols becoming more and more prominent in the news and other forms of mainstream media. I was inspired by an article...
Crypto-Assets

The Quality Minus Junk Quant Thesis in Crypto-Assets

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Creating models that evaluate the real market value of crypto-assets is one of the pivotal challenges of the space. While the valuation methodologies for crypto-assets are still in its infancy, we can draw inspiration...
Blockchain

Blockchain Start-Ups In New York City Are The Secret You Never Read About

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NYC needs more start-up culture reporting I think blockchain has gotten a bad reputation in the NYC financial community. It is a mistake. I have worked on Wall Street for over 20 years, but I cover...