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Weekly News Roundup 8.30.2021

Top stories from last week include: how stablecoins could be the bridge between cryptocurrencies and traditional money, institutional investors continue to increase their interest in digital assets, and conversations about regulations continue to dominate the news.

This week's top stories

Bloomberg strategist explains why 30-year US bonds have 'bullish implications' for Bitcoin

Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted Mike McGlone, senior commodity strategist at Bloomberg Intelligence, on August 23. The financial analyst cited the constantly lower yields offered by the 30-year U.S. Treasury note to explain his upside prediction. He noted that if its rate of return persists below 2%, it could enhance the price discovery stage for Bitcoin while posing a competitive advantage for traditional safe-haven assets like gold. Read More

What to know about 'stablecoins,' the 'bridge' between cryptocurrencies and traditional money

The existing stablecoins market is worth some $113 billion. In the exploding realm of cryptocurrencies, a new line of financial products has emerged that has caught the attention of both investors and regulators -- so-called "stablecoins," which are backed by cash or another reserve asset. Stablecoins seek to provide the best of both worlds: the stability of a traditional government-backed currency as well as the privacy and convenience offered by crypto transactions. Read More

Regulating crypto is essential to ensuring its global legitimacy

The past decade has seen several structural changes in know your customer (KYC) and anti-money laundering (AML) regulations in Europe and globally. High-profile money laundering cases and the penetration of illicit funds into global markets have caught the attention of regulators and the public, and rightfully so. Read More

Institutions appear bullish on crypto despite record Bitcoin outflows

Despite Bitcoin posting its sixth consecutive week of institutional outflows, sentiment around the future of the asset class appears on the rise. At the start of 2021, the cryptocurrency industry was bursting with news of increased institutional investment, and this is still largely true. Despite reports of suggesting increased outflows from institutional investors, net inflows are still very much positive. Read More

In other news

 Ranking the currencies that could unseat the dollar

 Traders continue to invest in cryptocurrencies

 What's the future of cryptocurrency? According to 5 experts

 Institutional money is pouring into the crypto market

What are stablecoins

Most 'significant' crypto hurdles for institutional investors

It's time for regulators to take cryptocurrencies seriously

2 things are becoming apparent about crypto

 What are crypto analysts saying about the Ethereum hard fork

Cryptocurrencies can be a tool for building personal wealth

 

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