A library of snippets
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Despite the impressive growth of neobanks in recent years, they represent a significantly small portion of the overall banking market. Combined they hold a mere 0.4% of the world’s total banking assets.
From Neobanks’ Growth Comes at a Cost: What it Means for Traditional Banks:
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The same way that copyright infringements and piracy were not heavily reduced due to regulation, but rather thanks to the emergence of technological alternatives (streaming giants like Netflix or Spotify), I believe the most effective strategy towards digital sovereignty is the active adoption of an alternative internet architecture, with these values built in (by design) to its core.
From Europe’s Third Way is Web3: Why the EU Should Embrace Crypto – RegTrax – Stanford Law School:
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The number of large holders of bitcoin, known as whales, has reached its lowest level since November 2020.
From Bitcoin news – live: Price crash continues as crypto ‘stable’ coin UST uncouples from dollar:
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The scheme is based on the EPC’s existing SEPA credit transfer (SCT) scheme and is called SEPA Instant Credit Transfer (SCT Inst).
Key features of SCT Inst are that services should be available 24/7/365 and that it should not take more than ten seconds for the recipient’s payment service provider (PSP) to inform the payer’s PSP whether the money has been received or not and, in the case of a successful transaction, to make the funds available to the recipient. The SCT Inst scheme became operational in November 2017.
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More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports.
From ‘$300m in cryptocurrency’ accidentally lost forever due to bug | Cryptocurrencies | The Guardian:
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According to consulting firm McKinsey, the pre-owned watch market is set to reach $29 billion to $32 billion in sales by 2025. The rapid growth and lofty value of the asset class have also attracted fraudsters.
“There are so many fake Rolexes out there that are manufactured because the demand is so high,” he said. “It’s very hard to tell the difference.”
In his view, that problem could be resolved if watchmakers simultaneously issue an NFT that contains all the calendar information, the serial number, and all the other authentication information. In addition, they could receive a royalty every time the watch changes hands.
From Why Is Bitcoin Down? Kevin O’Leary Explains, Bullish Thesis for NFTs:
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People classify coins that have been inactive for 5-10 years as “lost coins.” Either the people owning that bitcoin lost the private key associated with the address, or they have extreme diamond hands for not selling over such a long period. Many people estimate that between 3 million to 4 million lost bitcoin can not be recovered. For example, Satoshi Nakamoto, the founder of Bitcoin, had an estimate of about 1 million bitcoin that he mined during Bitcoin’s early development. Those coins are now considered “lost,” as Satoshi disappeared a few years after Bitcoin’s launch.
From Bitcoin HODL Waves: An analysis of BTC Holders – yungfi:
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The real challenge is that most people around the world still have significant reason to hold dollars, given that the dollar retains its status as the global reserve currency, while few people have a good reason to hold yuan (and no one wants to hold rubles).
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The above visualization shows the current hodl waves for March 2022. A record of 76.5% of all bitcoin in circulation have not moved in over 6 months. This data visualization is only possible due to Bitcoin’s transparency. As the network grows, it will leave a larger data trail for analysts to devour and attempt to understand user behavior.
From Bitcoin HODL Waves: An analysis of BTC Holders – yungfi:
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While Beijing has long been concerned by the knowledge that the dollar’s dominance gave the United States and its allies such leverage, the brazenness of wielding it against a power as significant as Russia has set off intense alarm, with China suspecting that, even as the world’s second largest economy, it could soon become the next target.
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