Tokenization is the innovation that may have the greatest impact on the economy, the American middle class, and the lives of those at the bottom of society, according to columns and interviews published this week on Sunday. Carefully select 10 books you want to read.
“Shanghai” May Bring Volatility to Ethereum Prices
The next big event in the cryptocurrency market is Ethereum’s “Shanghai” upgrade, scheduled for March, that will enable withdrawals of over 16.5 million Ethereum (ETH) staked on the blockchain. .
The upgrade marks the Ethereum blockchain undergoing a major technological overhaul called “Merge,” switching from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. It’s scheduled for the next few months. …read more
Focusing on “tokenization”, not just tokens ─ to the new American dream
This year, many American lawmakers will be watching crypto assets (virtual currencies). For example, FTT, the exchange token of the failed cryptocurrency exchange FTX. There is no doubt about the role of oversight in the token economy to prevent abuse and keep innovation in the spotlight.
With proper oversight, equal energy should now be invested not only in crypto assets (tokens) but also in tokenization (tokenization). Tokenization has the potential to bring about a paradigm shift for the economy, for every American citizen, and for people around the world. …read more
Analyzing the Paxos and Binance Situation
Remember when the SEC made headlines last week when it declared war on the staking service of cryptocurrency exchange Kraken?
Today, I want to cover another piece of news that made headlines that same week. Paxos and its stablecoin Binance USD (BUSD). The SEC apparently believes the sale of BUSD violates securities laws, and …Read More
Coins of War: Crypto Assets Used to Support Russian Armed Forces, Evading Sanctions
“Sanctions are good. They prove us right.”
When I asked Alexander Lyubimov if he feared being placed on an international sanctions list, he replied:
Lyubimov is the director of the Novorossia Aid Coordinating Center (NACC), which raises funds for Russian forces in Ukraine. Of the more than 20 pro-war Russian fundraisers CoinDesk contacted, Lyubimov was the only one who responded to a phone call. …read more
Is the SEC Crackdown Really Missing the Point?
In the world of crypto assets, it is said that time passes quickly. No one knows it better than journalists. It’s your job to keep track of pretty much everything that’s going on, so much so that if you take your eyes off it for just a few days, you feel overwhelmed.
For several months after the FTX demise, I lived a brutal reality. I had few holidays. I’m really grateful that I finally took a few days off the other day and was able to spend time with my family.
However, it seems that the time to take a break was wrong. …read more
Ordinals Protocol Boosts Entire Crypto Ecosystem
Here are two reasons why Bitcoin (BTC) has soared to its highest level since mid-August last month and outperformed all major assets in the crypto and equity markets over the past month.
Two reasons highlight Bitcoin’s unique strengths as the oldest, most established, and most decentralized protocol, and the surprising new opportunities to capitalize on those strengths. …read more
DAO is essential for a new prosperous future
In the current economic system, where scarcity is central to the economic model, accumulating capital is a priority. And the most successful means invented for accumulating and deploying capital is the “stock company”. Stock companies make up most of the private sector.
But what happens when capital is no longer scarce? Do you need a corporation? Should I find something better than that? …read more
The “fat tail” where a few companies create most of the wealth and the meaning of technological innovation for crypto assets
Stock market returns are dominated by a handful of very good stocks. The same is expected for crypto assets.
Between 1926 and 2016, just five of the 253,000 publicly traded companies covered 10% of the $35 trillion in wealth creation in the U.S. stock market. The five companies are ExxonMobil, General Electric (GE), IBM, Microsoft, and Apple. …read more
Enterprise NFT strategy learned from PORSCHΞ 911: HashHub Research
Whether the NFT series released by the automobile manufacturer “Porsche” is a failure or success, the mint event of the NFT series with the motif of Porsche 911 held in January 2023 is sluggish, and the mint price breaks 0.911 ETH a few hours after the start of the mint event. It seemed to be branded a failure within hours of launch due to poor performance and backlash from the community.
However, a few hours after receiving a backlash from the neighborhood, the cancellation of the public mint event was announced at the stage when 2,363 pieces were minted, which was far below the originally planned total number of 7,500. …read more
How should Japan deal with stablecoins? ──btokyo members hold a closed event
In June 2022, the revised Payment Services Act was enacted, establishing a legal framework for the issuance and distribution of “stablecoins” in Japan. The revised Payment Services Act will come into force within one year of its promulgation, and is expected to come into force from this spring to early summer.
On February 9, a few months before the enforcement, N.Avenue Co., Ltd.’s community project “btokyo members”, which handles this media “coindesk JAPAN”, held a member-only closed event, “What is the heated debate about ‘stablecoins’ and Japan?” Opportunities for 2023, as told by leading figures” (coindesk JAPAN is a media partner). …read more
｜Text and editing: coindesk JAPAN editorial department
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