Tag: crypto

AI

Behind Wall Street’s Abrupt Flip on Crypto

Colin Henderson

The reversal risks declawing a century of consumer financial protections and replacing the backbone of bank accounts. By Rob Copeland Rob Copeland has been covering Wall Street’s posture on cryptocurrency for more than a decade. Aug. 13, 2025Updated 6:12 p.m. ET Sign up for the Audio newsletter, for Times subscribers only.  Our editors share their favorite listens from the New York Times Audio app. Get it sent to your inbox. Listen to this article with reporter commentary 13:45 Not long ago, bank executives would compete with one another to be the loudest critic of cryptocurrencies. Jamie Dimon, the chief executive of JPMorgan Chase, once … Continue reading Behind Wall Street’s Abrupt Flip on Crypto

crypto, Stablecoin

Current Government and Reports on Stablecoin systemic problems

Colin Henderson

Here is an overview and summary of current views on Stablecoins based on research attributed to Perplexity.ai.. There are good reasons for USDC to be a legitimate Stable Stablecoin, but so many opinions and views often with proprietary positions to maintain, that the effect of the Genius act is being lost in that morass. This blog is about direction not particular stocks, but the freewheeling nature of crypto is winning the battle for clarity. And the Bank for International Settlements (BIS) report (attached below) is thrown into the mix taking the approach everyone is wrong except the author. It is … Continue reading Current Government and Reports on Stablecoin systemic problems

productivity, Profitability, regulation

StableCoin needs clear definition similar to Bretton Woods

Colin Henderson

The debate between USDC exemplified by Circle and USDT associated with Tether brings many of the realities of crypto into focus. The perennial debate has been whether Bitcoin is an asset class lke Gold or Silver or is it a useful alternative currency to fiat. Bankwatch Research Research and background on USDC and USDT. The recent Compass Point report made two points, and thus fails as an analytical support document: 1. Market Penetration – USDT has that 2. Additional cost structure for USDC (Circle ) associated with regulatry requirements similar to banking, will hinder profitability If we explore the second … Continue reading StableCoin needs clear definition similar to Bretton Woods

crypto, Payments, productivity, Risk2 Comments

Compare USDC (Circle) vs USDT (Tether) in 2025

Colin Henderson

The battle is now on. The newest StableCoin USDC offered by Circle is regulated with clearly defined regularly audited reserve requirements. Tender which has been around 5 years longer offers a StableCoin USDT. The challenge lies in the difference between the StableCoins and no regulation exists to define a StableCoin. USDT has loosely defined reserves comprising third party off balance sheet items and which can be deemed worthless to a banker. USDC on the other had requires US $ cash with no obtuse excuses for apparent reserve matching. I did some research across sites using Perplexity (not Google) and. here … Continue reading Compare USDC (Circle) vs USDT (Tether) in 2025

crypto

Stablecoin Act brings Crypto closer to mainstream finance

Colin Henderson

I have not been a supporter of Stablecoin due to lack of safety and regulatory provisions in the same vein as regulated Banks. The Genius (really ??) Act changes that and provides for regulatory provisions similar ~ to that which governs other financial entities, including maintenance of capital requirements and money laundering protection. The AML provisions are weak and will not capture small medium bad actors. Time will tell and I really hope that under Carney we will see some movement in Canadian finance. since we end to miss innovation completely in Canadian Banking and Finance. Similarly I hope OSFI … Continue reading Stablecoin Act brings Crypto closer to mainstream finance

Uncategorized

Binance Australia’s derivatives license cancelled by ASIC

Colin Henderson

https://www.coindesk.com/business/2023/04/06/binance-australias-derivatives-license-cancelled-by-regulator/ The Australian Securities and Investments Commission (ASIC) has cancelled Binance Australia’s derivatives license, according to a press release on Thursday. The move comes following a request from Binance on April 5. Binance Australia, an arm of the world’s largest crypto exchange by trading volume, will close all of its customers’ open derivatives positions by April 21. The platform had just 104 users as of yesterday, noted Binance CEO Changpeng Zhao in a tweet. Binance’s spot crypto exchange in Australia will continue to operate, he added. In a statement, Binance Australia said that it was “winding down” its derivatives product … Continue reading Binance Australia’s derivatives license cancelled by ASIC

Uncategorized

UK pressing forward with Crypto planning based on flawed assumptions

Colin Henderson

Many will read this plan outlined by economic secretary to the Treasury has told MPs. https://www.bbc.com/news/technology-64224950 It is full of buzzwords and statements which require validation and which go against current facts. There is enough evidence associated with FTX, crypto.com, Genesis, Zilliqa, Dogecoin, SpaceBIT, PayCoin, GetGems, Squid Game, Bogged Finance, Ekta, OneCoin, Ethereum’s DAO, StableCoins are a particular use case with three varieties according to Wired. https://www.fastcompany.com/90751716/panics-and-death-spirals-a-history-of-failed-stablecoins There are three main types of stablecoins: fiat-backed (in which the token maintains equal reserves of the currency it’s pegged to); crypto-backed (in which the token is collateralized by cryptocurrencies); and algorithmic (in … Continue reading UK pressing forward with Crypto planning based on flawed assumptions