In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible tokens (NFT), crypto indices, insurance products and decentralized options markets. The total value locked (TVL) in the DeFi sector across all chains has grown from $18 billion at the beginning of 2021 to … [Read more...] about 3 things the crypto sector must offer to truly mainstream with TradFi
TradFi
A Web 3 Company Just Bought a Stake in a TradFi Giant
This episode is sponsored by Nexo, Abra and FTX US.Download this episodeOn today’s episode of “The Breakdown,” NLW covers the latest news from macro and the crypto space, including:Value investing legend Bill Miller holds 50% of his net worth in bitcoinParadigm invests in Citadel Securities’ first outside round$207 million in digital asset fund outflows last … [Read more...] about A Web 3 Company Just Bought a Stake in a TradFi Giant
Bitcoin Still a Risk-Asset Despite Last Week’s Inflation-Led Rally, TradFi Experts Say
“We find ourselves in an environment of significantly elevated inflationary pressures, an environment that is also completely new territory for bitcoin and its reaction function, in other words, whether bitcoin is a decent inflation hedge or not remains to be seen,” Marc-Andre Fongern, senior analyst at Fongern Global FX, told CoinDesk in a LinkedIn chat. Source link … [Read more...] about Bitcoin Still a Risk-Asset Despite Last Week’s Inflation-Led Rally, TradFi Experts Say
How individuals can ‘unbank’ from TradFi using crypto
Cryptocurrencies are becoming increasingly popular as the world transitions to a more digital society. With this trend, many people are looking for ways to securely store their coins and tokens without worrying about fraud or theft. Crypto credit cards are a promising solution that allows users to spend cryptocurrencies similarly to fiat currency. An initiative that may help … [Read more...] about How individuals can ‘unbank’ from TradFi using crypto
How comparing TradFi with DeFi reveals the future of finance
A unique combination of lockdowns, March’s stock market crash and Robinhood’s commission-free trading innovation created a massive surge of a new class of investors. At an average age of 31, millions of novice traders replaced sports betting, movie-watching and other hobbies with obsessive staring at stock charts on their newly discounted brokerages’ apps.Robinhood alone went … [Read more...] about How comparing TradFi with DeFi reveals the future of finance