Sygnum's High 5: Discover the top news in crypto for the week!
Blockchain can bring back rights and better services for citizens while promoting transparency in governmental processes and reduce corruption. At the same time, more hedge funds, institutions, and retail investors are embracing crypto across the world. Read more about the top crypto news of this week.
Blockchain can reduce governmental corruption.
The World Economic Forum delves into how Blockchain technology can help solve the corruption problems with governmental procurement services with its integrity and transparency.
Currently, between 10% and 30% of public funds into construction are corruption targets, while adopting Blockchain technology for its entire process could reduce this significantly.
Moreover, Blockchain can help individuals with property rights by improving government services while giving more assurance to citizens.
Sygnum now offers institutional staking services for ETH 2.0.
With the massive interest behind Ethereum 2.0 staking and its growing trend, Sygnum is now offering ETH 2.0 staking services for qualified investors with institutional-grade security.
Investors locking up funds into Ethereum 2.0 will gain up to 7% in interest per year, taking advantage of the DeFi revolution while guaranteeing the safety of funds and a streamlined investing experience.
Sygnum is proud to be the first regulated bank to offer these services in our commitment to serving investors with a secure gateway for yield generating crypto investments.
Institutional investors want to increase their crypto holdings.
Institutional investors and wealth managers across countries (e.g., UK, US, Germany, France, and the UAE) plan to increase their crypto holdings by 2023.
Nickel Digital Asset Management’s new study reveals that 87% of investors are looking to bet more in crypto while 40% plan to “dramatically increase“ their holdings.
Crypto’s long-term value appreciation, the improving regulatory landscape, and overall awareness of this new asset class are behind the investment decision.
Crypto after COVID: From mainstream adoption to elections under the Blockchain.
Crypto became a hot topic since the end of 2020 with record prices, the rise of NFTs, and the consolidation of Decentralized Finance (DeFi).
Fast company reached out to 30+ experts, ranging from startup founders to crypto leaders, to gather their predictions for crypto in a post-Covid world.
For some experts, crypto became “pandemic money” while institutional investors and corporates joined this new asset class, characterized as ”software-based or algorithmic monetary policy.”
Find out more predictions involving the future use-cases of Blockchain technology, smart contracts, and the role of regulation for crypto’s future.
Data tokenization is the future.
Data is one of the most treasured and coveted commodities of the digital age. Forbes is exploring how the tokenization of data could bring benefits for citizens and organizations.
Data tokenization could happen in the future in several formats: Data basket tokens, data NFTs, data utility tokens, and data security tokens.
Tokenizing the data industry could bring more “security, privacy, decentralization/democratization, monetization, and transparency.“
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