博文

目前显示的是 五月, 2024的博文

China Bond and U.S. Treasuries

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  Image source: https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html Headlines China to Start $138 Billion Bond Sale on Friday to Boost Economy China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display BRICS: China Dumps $74 Billion Worth US Treasuries in 7 Months China to Start $138 Billion Bond Sale on Friday to Boost Economy By Bloomberg News May 13, 2024 at 8:55 AM GMT+8 Updated on May 13, 2024 at 6:14 PM GMT+8 Total of 1 trillion yuan of debt will be sold through November It is fourth such sale in past 26 years, with the last in 2020 https://www.bloomberg.com/news/articles/2024-05-13/china-to-hold-meeting-on-138-billion-ultra-long-debt-sale China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display https://dailyhodl.com/2024/05/19/china-sells-48900000000-in-us-treasuries-in-one-quarter-as-for...

NeoBank Crypto Services (Crypto Vault, Liquidity Provider, Crypto Wallet)

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Crypto Vault Liquidity Provider Crypto Wallet What is a crypto vault, and how does it work? Unlike hot wallets connected to the internet, crypto vaults are predominantly offline, making them significantly less vulnerable to hacking attempts. This air-gapped approach adds a robust layer of protection against unauthorized access, phishing scams and malware attacks.  Crypto vaults utilize offline storage and robust security protocols to protect digital assets during deposits, transactions and withdrawals . When a user wishes to make a withdrawal or initiate a transaction, the vault’s security mechanisms are activated. These mechanisms vary depending on the type of vault and may include smart contract execution, time-based delays or multiparty approvals. This process ensures that transactions are authorized and legitimate. To maintain the highest level of security, reputable vault providers regularly conduct monitoring and auditing procedures . These may include security audits, vulne...

Maze

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The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum—even encourage the more critical and dissident views. That gives people the sense that there’s free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate. ~Noam Chomsky (Book [ad]: How the World Works https://amzn.to/4dkXzSJ) (Art: Photograph by Erich Hartmann)

Bitcoin, Custody, Storage, Liquidity & Market Making

What do crypto market makers actually do? Liquidity, or manipulation Various forms of Bitcoin custody, explained How Do The Wealthiest Bitcoin Holders Secure Their Bitcoin? How to securely store crypto in software wallets What do crypto market makers actually do? Liquidity, or manipulation https://cointelegraph.com/magazine/crypto-market-makers-legit-dodgy-fake-it/ Various forms of Bitcoin custody, explained https://cointelegraph.com/explained/various-forms-of-bitcoin-custody-explained How Do The Wealthiest Bitcoin Holders Secure Their Bitcoin? https://bitcoinmagazine.com/technical/how-do-the-wealthiest-bitcoin-holders-secure-their-bitcoin How to securely store crypto in software wallets https://cointelegraph.com/news/how-to-securely-store-crypto-in-software-wallets

Tokenization, 10 years down the road

This is 10 years down the road, with, or without us, what flow, flows.  The points have been summarized for our reference. Got time can checkout full content via the respective links. Tokenization is important because it is part of banking services in the near future.  Good news is, the future is already here, just not evenly distributed. Tokenization Anything that can be tokenized will eventually be tokenized. More than $1 billion worth of U.S. Treasurys has already been tokenized across Ethereum, Stellar, and other blockchains.  A recent estimate from Ripple forecasts tokenized markets to reach $16 trillion in the coming years, a figure eight times larger than the total market capitalization of the entire cryptocurrency sector. Headlines 20240510 1. Tokenization to unlock interoperability across payments, investments The lines between payment and investment assets are becoming increasingly blurred. In the near future, it may be possible to split a dinner and pay using s...

Bitcoin Bull Run

Post-halving boredom Boring Consolidation Before bitcoin bull run resumes 3 trends to think about before Bitcoin's bull run resumes But for those with only a few thousand dollars to invest, investing in Bitcoin isn’t going to make you a millionaire. The near to mid-term growth potential is 2-3 times its current value. Assets that proved popular in the previous bull run, like new layer-1 protocols and lending platforms, might offer a chance to grow your investment by five to 10 times. However, risk and return are two sides of the same coin. How much one is willing to gain or lose in crypto really boils down to the time, resources, and energy one is ready to put into studying the market.  That’s where the beauty of crypto lies:  for those willing to learn, it's perfectly accessible . The key is to figure out the story behind each product.  Innovation stands at the forefront of this space because people in crypto are innovative and constantly looking for something new. 3 Tre...

Regulation, Interchange

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Regulation (Cross-border globalization) Interchange Lending (Incentivization) FCA crypto regulators will take the best from TradFi and DeFi, says exec Robinhood Q1 crypto trading surges 224% — SEC action ‘disappointing’ Crypto lending platform Nexo allocates $12M for ecosystem incentives Crypto lending platform Nexo allocates $12M for ecosystem incentives The rewards will be active until July 7 and will incentivize users to trade, earn, deposit, and borrow on the platform. Crypto lending protocol Nexo is allocating 10 million NEXO tokens, worth $12.5 million at the time of publication, to its users.  "Stack points, multiply your gains, and unlock more surprises. The Nexonomics-inspired hunt is designed to reward new and existing users for exploring the Nexo ecosystem." From now until July 7, Nexo users can receive up to 0.01 points per $1 of asset top-ups, 10 points per Nexo Card activation, 0.04 points per $1 in fiat borrowed through Nexo protocol, 0.03 points per $1 investe...

Malaysian Companies on Nasdaq

Nasdaq rolls out welcome mat for Malaysian companies  (31-10- 2022 07:40 AM) The US market is the largest, most liquid, the deepest capital market in the world with the largest set of investors, especially for companies in emerging technology, new technologies, fintech, and healthcare. "We need that volatility to come down and the markets to be more receptive. Then we need some good IPO to happen, to not only price but to also trade well, to give confidence to other companies to come to the market." The first company from Malaysia to list on Nasdaq is Starbox Group Holdings Ltd. Starbox builds cash rebates, digital advertising, and payment solutions.  Malaysian companies that have indicated interest to list on Nasdaq include Carsome, Capital A Bhd, ARB IoT Group Ltd, Evoair Holdings, Graphjet Technology Sdn Bhd and Agape. https://thesun.my/home_news/nasdaq-rolls-out-welcome-mat-for-malaysian-companies-NE10058371 Reference List: Malaysian companies on Nasdaq 1️⃣ VCI Global Ltd...

Tokenization, Hong Kong

 HKMA officially announced on May 7 that it will form a special community comprising industry representatives and regulators to develop tokenization standards. Called “Project Ensemble Architecture Community,” the community aims to supervise and support the development of tokenization projects in Hong Kong. The initiative is also designed to promote and support interoperability among wholesale central bank digital currencies (wCBDC) — a type of digital money used among banks and financial institutions. According to the announcement, the community will initially focus on establishing a mechanism to support seamless interbank settlement of tokenized deposits through wCBDC for tokenized asset transactions. ------------------ Tokenization is the process of issuing a digital representation of real-world things such as fiat currencies, equity, commodities, real estate and others.  Blockchain-based real-world tokenization (RWA) has emerged as one of the key trends in 2024 as investor...

Revolut X Crypto Trading Platform

Fintech company and global neobank Revolut  has made a big move into the cryptocurrency sphere by quietly introducing a specialized crypto trading platform for retail customers in the United Kingdom. Revolut unveiled Revolut X on May 7, targeting a specific set of customers. The platform is designed to rival major cryptocurrency exchanges by offering easy access for users and charging minimal fees. The platform features easy “on-ramping” and “off-ramping,” allowing users to seamlessly convert fiat currencies like the British pound to crypto and vice versa.  Notably, Revolut X offers fixed fees of 0% for makers and 0.09% for takers regardless of trading volume, potentially undercutting competitors. Initially, the platform will offer trading for over 100 cryptocurrencies , including popular choices like Bitcoin (BTC), Ether (ETH) and XRP (XRP). ... customers' digital assets are held 1:1 and never lent out. "The majority of these funds are also held in cold storage. Rigorous cust...

NeoBank References

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fintech_devcon 2021: How neobanks make money with Saira Rahman Can We Trust Revolut? Neobanks explained Reasons why your startup should bank with Revolut Business NeoBank | The Future of Banking - Fortunesoft Video The Rise of Digital Challenger Banks fintech_devcon 2021: How neobanks make money with Saira Rahman This is good. 1. Interchange - rectified and proof that our initial positioning is spot on. 2. We need such a spokesperson like Saira Rahman for branding and awareness purposes.  3. Focus on efficient. 4. A lot of liquidity requirements when growing deposit rapidly. 5. Regulatory capital - Put up a bunch of cash as proof to support their customer. - Need to anticipate the pace of which the NeoBank is going to grow. 6. Try to target different niches and specialized in certain product. Target and acquire. 7. Balance sheet hedging NMD - Non-Maturing Deposit = Largest liability vs Duration on Loan (extremely high yield for shorter period time possible) Can We Trust Revolut? Ne...