The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BoT) have issued a 90-page joint report regarding their four-month Central Bank Digital Currency project, which they completed at the end of 2019. The proof-of-concept, dubbed Project Inthanon-LionRock, studied the application of CBDC for cross-border peer-to-peer payments between the Hong Kong dollar and the Thai…
Tag: digital currencies
Current Events, Disruptive Technology, Risk, Trading
Rethinking Institutional Bitcoin Investments
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•I might have been hasty in my last post regarding being bearish on institutional investments in bitcoins. After interviewing Pantera Capital CEO Dan Morehead for Trader Magazine’s current cover story, I refined my views a bit. Buy-and-hold asset managers will still find investing in the digital currency directly difficult. The bitcoin market remains relatively small, highly fragmented,…
Disruptive Technology, Risk
Institutionally Bearish on Bitcoins
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•The more research that I dig up for an upcoming feature on institutional investors and bitcoins, the more I believe that it will be a few more years before asset managers are able to profit from digital-currency investments. This has nothing to do with the maturity of the bitcoin infrastructure, which is fine and only needs…
Disruptive Technology, Regulations, Trading
Bitcoins! Bitcoins! Bitcoins!
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•Kicking of the second season of The Daly Post Podcast, I sit down with Wall Street Bitcoin Alliance executive director Ron Quaranta and discuss what institutional investors, broker-dealers, exchanges and vendors need to do to take part in the ever-growing Bitcoin market. Although these cryptocurrencies have strong libertarian, over-the-counter, and retail roots, Quaranta sees the markets maturing…