ECB says crypto assets appear to pose 'limited' financial stability risks in new report

A financial stability report published by the European Central Bank last week indicates that risks to financial institutions from crypto assets “appear limited.” The mention of crypto assets was included in the May 19 report and published on the ECB’s website. “Signs of exuberance have also been observed in the renewed interest in crypto-assets, although […]
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May 23, 2021, 4:00PM UTC

U.S. regulatory uncertainty is the biggest issue for crypto firms, research interviews show

Interviews of crypto firms conducted by The Block shows – perhaps unsurprisingly – that regulatory uncertainty in the U.S. remains the top barrier for companies working in the crypto and digital asset space. Ninety-one percent of companies interviewed as part of The Block Genesis’s Digital Asset Human Capital Trends Report, commissioned by the Blockchain Association, […]
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Jan 26, 2020, 4:53PM UTC

Research report - employment trends in the digital asset industry commissioned by the Blockchain Association

The Digital Asset Human Capital Trends Report was commissioned by the Blockchain Association, an association of industry leaders advocating for the innovation and collaboration necessary to support American leadership of the digital assets industry. Read the brief here. For the avoidance of doubt, the firms included in the sample were independent of the Blockchain Association’s […]
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Jan 23, 2020, 3:22PM UTC

Interest in Libra is lacking, says report

Despite taking crypto into the mainstream, Facebook’s Libra may not drive a high level of interest, according to a report from Civic Science. After surveying 1,799 U.S. adults, the study found only five percent of respondents expressed some level of interest in Libra. Interest seems to be driven by a younger audience, with 18-24 year […]
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Jul 24, 2019, 6:24PM UTC

QuickBit data breach exposes 300,000 personal, financial records

Cryptocurrency retailer QuickBit has inadvertently revealed hundreds of thousands of records, Comparitech reports. The company’s database was open to everyone to view, including users’ personal and financial information. According to Comparitech, records might have contained information about transactions. MongoDB database, containing such information, was made available to everyone with no authentication necessary. The information included […]
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Jul 22, 2019, 3:30PM UTC

Grayscale Q2 summary: Crypto fund manager reports record AUM after price soar

New York-based Grayscale has hit a record $2.8 billion in assets under management (AUM), according to the company’s second quarter (Q2) report. Amid the crypto price-hike, Grayscale’s AUM has tripled from $926 million to $2.7 billion over the last quarter. Similarly, quarterly inflows increased from $42.7 million to $84.8 million – despite its flagship bitcoin […]
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Jul 17, 2019, 9:26AM UTC

Blockchain job offerings growing consistently, research shows

In the first five months of 2019, there were almost as many blockchain job listings as for all of 2018, TeQatlas research has shown. The company has analysed the data on open vacancies for blockchain-related positions, looking into disclosed salaries. It also provided the list of the top-15 blockchain employers, with IMB grabbing first place […]
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Jul 9, 2019, 8:00PM UTC

Bitcoin mining generates as much CO2 as a small country, study estimates

The newest study on bitcoin’s energy consumption estimates that about 22 megatons in CO2 emissions are generated per year, Wired reports; approximately equivalent to the carbon footprint of Jordan, Sri Lanka, or Kansas City. When other cryptocurrencies beyond bitcoin are taken into the equation, the figure doubles. The biggest issue is the use of coal […]
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Jun 13, 2019, 10:54AM UTC

CryptoCompare launches new benchmark for cryptocurrency exchanges, and it shows Coinbase is king

Cryptocurrency data and indices provider CryptoCompare is launching its first cryptocurrency Exchange Benchmark, according to a press release CryptoCompare shared with The Block. The ranking assesses more than 100 active spot exchanges and analyses their reliability. The release of the index follows recent reports exploring wash trading and fake volumes by exchanges in the market […]
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Jun 12, 2019, 11:34AM UTC

Retail banking could reap benefits from implementing blockchain technology, McKinsey says

Unlike governments and investment banks, retail banks have been cautious with adopting blockchain technology, McKinsey writes. However, if implemented, the technology could provide them with a number of benefits: cheaper cross-border payments, better know-your-customer solutions, and ID-fraud prevention, as well as the faster assessment of new and existing customers, the report states. Processing of cross-border […]
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Jun 10, 2019, 1:39PM UTC

Private equity securities are the top use-case for security tokens, but lack of secondary market is a big investment obstacle, research shows

Although private equity securities are believed to be the top application for security tokens, 64% of global blockchain and fintech executives surveyed by Greenwich Associates say the lack of secondary market poses the biggest obstacle in investing in those markets. The financial data provider’s report, entitled Security Tokens: Cryptonite for Stock Certificates, incorporates interviews with […]
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Jun 6, 2019, 2:01PM UTC

New technologies to impact financial institution workers; 400,000 could lose jobs by 2030, report claims

Although the capital markets workforce saw staff increases in the first part of the  decade, the sector may see serious layoffs due to the adoption of new technologies, management consultancy Opimas writes. As many as 400,000 full-time employees may lose their jobs by 2030. Artificial intelligence and data analytics, especially, can lead to improving efficiency, […]
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May 22, 2019, 4:00PM UTC

HBUS report finds crypto awareness doubling since 2018

The number of cryptocurrency owners has more doubled since 2018, but adoption is not keeping pace with awareness, according to a report from HBUS, a unit of the Huobi exchange. The report tracked sentiments surrounding cryptocurrency usage among 1,067 U.S. participants this past March and April. It concluded both awareness and use are on the […]
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May 13, 2019, 10:09PM UTC

Private blockchain may pose risks, report warns, but governance advantages

Rating agency Moody’s has issued a warning against private, centralised blockchains, CoinDesk writes. Moody’s report entitled “Blockchain Improves Operational Efficiency for Securitizations, Amid New Risks” noted that private blockchain may not have consensus mechanisms as secure as public blockchains. In fact, those safeguards may be completely absent from some private chains, exposing them to fraud […]
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Apr 30, 2019, 9:40AM UTC

3 in 5 digital companies invest in blockchain, research shows

Sixty-one per cent of digital companies worldwide are investing in blockchain technology, according to a survey by identity management firm Okta. Okta based its “Digital Enterprise Report” on surveying decision-makers from firms with at least $1 billion in revenue—in total, interviewing 1,050 IT, security and engineering decision-makers.  One issue the report looked at was investments […]
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Apr 3, 2019, 3:04PM UTC

Report: China global leader for new blockchain projects

According to data service provider Blockdata, China accounts for 25 per cent of new blockchain projects worldwide, china.org.cn writes. As of November, there are 263 China-based projects in progress. Meanwhile, there are 615 blockchain companies or subsidiaries already in China according to Beijing think-tank EO Intelligence, with most having launched in the last two years. […]
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Apr 2, 2019, 8:42AM UTC