DeFi has a trust gap. What can rebuild its credibility?
Did it ever have any? Most of Uniswap is filled with scammy yield farm ponzi pools - so, firstly, remove those as any credible fintech.
A recent JPMorgan Chase survey showed 72% of institutional investors have “no plans” to trade crypto or digital coins, with many citing the industry’s volatility as a repellent. On the other hand, Wall Street fixtures seem to be stepping off the sidelines to explore crypto or reaffirming their blockchain investments, indicating that interest still remains.
Whats a "fixture"? Anyway, Goldman Sucks explain further: Crypto markets are undergoing a ‘flight to quality,’ says Goldman Sachs digital assets chief
And that's true in two ways: a flight to quality assets; and the sifting through quality algorithms.
The quality of those automated algorithms are what, I hope, will define a NewDefi. Of course, you can always play in the casino-pools, but you really have to know what you're doing.
€50 Billion German Giant Adds Crypto to Global Fund
Hansainvest, one of the biggest financial services company in Europe with €55 billion in assets under management, has added crypto to their Wealthgate Multi Asset fund.
Hansainvest revealed they have added the BIT Global Crypto Leaders to Wealthgate.
Wealthgate’s exposure to the BIT Global Crypto fund is fairly small at just €76,000 out of €30 million, but it is the first fund of its kind to have any crypto exposure at all in Europe, and one of the first in the world.
The TradFi vs. DeFi rivalry is hitting a new peak — and that’s bad for everyone
How nice! I thought the goal was global financial control.
Centralized intermediaries were cause of crypto failures in 2022, says Voorhees
https://forkast.news/centralized-intermediaries-cause-crypto-failures-2022-says-voorhees/
Not true. That centralised scum are bad does not make "decentralised" good - it is becoming a ball and chain that itself needs to be severed.
The link has transcript of a panel discussion.
Banks are bringing systemic risks to crypto, says Circle’s Disparte
https://forkast.news/banks-bringing-systemic-risks-crypto-says-circles-disparte/
The recent U.S. bank failures are proof that the banking system is introducing systemic risks to the crypto industry, not vice versa, says Circle chief strategy officer Dante Disparte.
Brilliant middle-finger to the banksters and especially captured regulators not doing their job - or doing it all too well, in favour of their bankster brethren.
This is very funny.
the skumsters have taken decades to capture every financial agency - will take a war to remove them.