Discover the top news in crypto for the week!
This week, Sygnum Bank released its ’22 Outlook, covering the major milestones and trends of the industry. Meanwhile, more governments adopt crypto initiatives, while the belief in blockchain technology to create a new financial system rises. Find out the top 5 crypto news of this week.
Sygnum Bank ’22 Outlook: tipping point for institutional crypto adoption
Are you looking to learn all that will happen in crypto this year? Sygnum Bank just published its Digital Asset Outlook 2022 report, covering the main developments of 2021 and the predictions for this year. Among the main takeaways is crypto’s institutional adoption reaching a new level, given the maturity of crypto markets aligned with solid regulatory frameworks. The report covers several opportunities for 2022, ranging from the rise of Web 3, crypto’s multiple use-cases brewing across sectors, NFTs, tokenization, and more. Read more
The frantic Metaverse land grab is likely to persist in 2022 as investors realise virtual real estate equals cash, predictive analytics firm says
According to NWO, the rise of land sales and rentals in popular Metaverse-based platforms like The Sandbox and Decentraland will continue in 2022. The analytics firm predicts the Metaverse to reach a peak interest in May, with a continuous strong appeal during the year. The interest in the Metaverse is soaring, with investors pouring ‘over $100 million spent on Metaverse land plots.’ Read more
Ethereum could hold lead as dominant smart-contract blockchain: Coinbase analysts
Analysts at Coinbase believe in the predominance of Ethereum compared to rising alternatives in the DeFi and NFT markets. This analysis comes amid Layer 1 networks and Layer 2 solutions emerging by offering more speed and fewer costs for traders. Coinbase analysts believe the rise of Layer 2 solutions and the transition of Ethereum to a Proof-of-Stake (PoS) model will continue, diminishing the need for alternative Layer 1 networks. Read more
How blockchain can become the financial system the world needs
Could Bitcoin be the new “Bretton Woods?” Blockchain technology could become the new financial system based on decentralisation. The first iteration of public blockchains came with the rise of Bitcoin and Ethereum, offering a decentralised, 24/7, and permissionless peer-to-peer system for people globally. DeFi, Web 3, the Metaverse, and many other trends based on blockchain could lead to creating a new system with more usability, security, and freedom. Read more
Opinion: ‘Web 3’ is on the way. Authoritarians should be worried.
The rise of Web 3 technologies could change the geopolitical landscape, benefiting liberal democracies, where the value of privacy and freedom is paramount. The influence of authoritarian regimes in the current Web 2 product suite is causing severe challenges for people’s freedom and introducing decentralised alternatives could prove the solution. With Web 3, good actors would prevail, and the end-user would guarantee higher levels of freedom and financial opportunities. Read more
This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.