Insights
We write regularly about the state of global markets and new technology.
Latest — in Icelandic
- Substack · Icelandic ↗
Stan Druckenmiller fjárfestir í rafmyntafyrirtæki
Einn farsælasti makrófjárfestir sögunnar sér tækifæri í bálkakeðjum sem undirstöðu fjármálamarkaða framtíðarinnar
- Substack · Icelandic ↗
Nýmarkaðsríki að vakna?
Hagstæð verðlagning, batnandi efnahagshorfur og mikil samþjöppun á bandarískum hlutabréfamarkaði styrkja rökin fyrir auknu vægi nýmarkaða í eignasöfnum
- Substack · Icelandic ↗
Vendipunktur í vélmennatækni
Öflugri gervigreind, ódýrari vélbúnaður og vaxandi þörf fyrir sjálfvirkni ryðja vélmennum braut.
- Substack · Icelandic ↗
Bitcoin í fyrsta sinn hluti af langtímaspá J.P. Morgan
Bankinn spáir 10% árlegri ávöxtun bitcoin næstu 10–15 árin, þeirri hæstu af öllum eignaflokkum, en bendir á miklar sveiflur og óstöðuga fylgni við aðra eignaflokka.
- Substack · Icelandic ↗
Nýju fjárfestingarumhverfi þurfa að fylgja nýjar áherslur
Skuldsetning ríkja, aukin spenna í alþjóðaviðskiptum og gervigreind kalla á nýjar áherslur í eignastýringu þar sem innviðir, málmar og hrávörur gegna stærra hlutverki en áður
- Substack · Icelandic ↗
Að leysa framleiðnina úr fjötrum
Gríðarleg uppbygging gervigreindar í dag hvílir á væntingum um ávinning tækninnar í framtíðinni. Ávinningurinn veltur á því hvernig fyrirtæki og hagkerfi aðlagast tækninni.
2025
ECB Report Names Ethereum and Solana as Potential Platforms for Digital Euro
The European Central Bank is looking beyond its own walls, and its choice of public blockchains like Ethereum and Solana could define the future of financial freedom in Europe.
Philippine Lawmaker Urges Central Bank to Create National Bitcoin Reserve
In this edition, we explore the proposal from a key Philippine lawmaker urging the central bank to establish a national Bitcoin reserve, and the remittance economy driving the call to action.
Harvard Endowment Discloses $116 Million Stake in BlackRock Bitcoin ETF
In this edition, we explore Harvard Endowment's recently disclosed $116 million stake in BlackRock's Bitcoin ETF and the precedent it sets for other conservative funds.
Trump Greenlights Crypto for 401(k)s, Potentially Tapping Trillions
In this edition, we dive into the new Department of Labor guidance and what it practically means for plan sponsors considering crypto-exposure for 401(k)s.
13 of the Top 25 U.S. Banks Are Building Bitcoin Products
This article examines which of the largest U.S. banks are developing Bitcoin products, which are not, and how recent regulatory changes are enabling their entry into the market.
JPMorgan and Coinbase Join Forces to Revolutionize Crypto Access
This post discusses the new strategic partnership between JPMorgan and Coinbase, aimed at simplifying access to crypto by integrating traditional banking with digital asset exchanges.
SEC Launches "Project Crypto"
This article explores how the SEC’s "Project Crypto" reshapes digital asset regulation with clearer rules for cryptocurrencies and blockchain, contrasting with the previous administration's approach.
Dropped Probes Signal a New Era for Crypto Industry
This article explores how the U.S. is moving from regulatory crackdowns to structured policymaking, as a wave of dropped investigations signals a new chapter for the crypto industry.
Strategy Buys Another 21,000 Bitcoin After Record IPO. But Can It Keep This Up?
This article explores Strategy’s record-breaking $2.5 billion IPO, its latest Bitcoin purchase, and how a growing number of companies are using capital markets to build crypto treasuries.
Crypto Enters the Mortgage Conversation
We examine a new directive from U.S. housing regulators that could allow cryptocurrency to count toward mortgage reserves, and what it means for the future of lending.
The Rise of Token Launchpads
We explore the rapid growth of token launchpads on Solana, the shift in market dynamics led by LetsBonk, and the psychological and structural factors driving the current meme coin surge.
The GENIUS Act Passed. So Now What?
In this article, we discuss the passage of the GENIUS Act, what it means for stablecoin regulation in the United States, and what comes next for banks, crypto firms, and regulators.
Ethereum Gets the Spotlight
This article examines Ethereum’s recent surge in institutional inflows, the growing number of public companies adding ETH to their balance sheets, and the factors driving renewed market momentum.
Trump Set to Open $9 Trillion Retirement Market to Crypto
We discuss Donald Trump's proposed executive order to open the $9 trillion U.S. retirement market to cryptocurrencies and other alternative assets, and growing demand among younger generations.
Emirates to Accept Crypto Payments via Crypto.com
This article covers Emirates’ newly announced partnership with Crypto.com to integrate cryptocurrency payments by 2026, and what it shows about broader institutional adoption in the travel sector.
Crypto Week: U.S. House Turns Full Attention to Digital Asset Legislation
This article covers the U.S. House’s focused legislative push during Crypto Week, examining some key bills on stablecoins, digital asset regulation, and the prohibition of CBDCs.
Bitcoin Breaks Through $118K: Sentiment Shifts with Institutional Tailwinds
This article explores the drivers behind Bitcoin's new all-time high, the shift in institutional sentiment, and the broader implications for its role in the global financial system.
Kazakhstan Proposes National Bitcoin Reserve as Part of Broader Blockchain Push
We discuss Kazakhstan’s proposal to establish a national Bitcoin reserve, placing it in the context of the country’s broader efforts to build a role in blockchain and digital asset development.
Germany’s Largest Savings Bank to Open Crypto Trading for Customers
This article looks at how Germany’s largest savings bank group plans to make crypto trading more accessible by 2026 and how it fits into a broader trend of gradual adoption of digital assets.
Digital Asset Investment Products Record 11th Consecutive Week of Inflows
In this edition, we highlight eleven consecutive weeks of inflows into digital asset products, the debut of the first U.S. Solana staking ETF, and the rapid rise in volume for Blackrock's IBIT ETF.
San Antonio Spurs Announce Ledger Sponsorship
This article explores the San Antonio Spurs’ new sponsorship with Ledger and how it reflects the increasing overlap between professional sports and the cryptocurrency industry.
The Dawn of Web3: How Blockchain and AI Are Coinciding as the Internet Continues to Evolve
This article explores how blockchain and AI are converging to drive the next phase of the internet’s evolution, reshaping ownership, trust, and intelligence online.
Demographic Disparities in Crypto Adoption
An analysis of how age and varying economic factors influence who is adopting cryptocurrency—and who isn’t.
Crypto at Checkout: Shopify Embraces USDC with Stripe and Coinbase
This article explores Shopify’s new partnership with Coinbase, Stripe, and Circle to enable seamless USDC stablecoin payments directly within Shopify Pay, marking a major step toward mainstream adoption of onchain commerce.
Misinformation, Misconceptions, and the Resilience of Bitcoin: A Study of Shifting Narratives
An exploration of how misinformation, shifting narratives, and early misconceptions have shaped public perception of Bitcoin since its inception.
Circle Debuts on NYSE at $31, Signaling New Era for Stablecoins
This article discusses Circle’s recent IPO, its significance for the growing stablecoin industry, and how regulatory developments like the GENIUS Act signal broader momentum for web3 companies.
Reform UK Introduces Pro-Crypto Policies Ahead of Election
This article outlines the Reform UK party’s newly announced crypto policies, including Bitcoin donations, proposed reserves at the Bank of England, and recent shifts in the UK’s regulatory environment.
Pakistan Announces Strategic Bitcoin Reserve
This post explores Pakistan’s plan to establish a Strategic Bitcoin Reserve, launch a national BTC wallet, support Bitcoin mining with surplus energy, and development of a regulatory framework.
Coinbase’s Record S&P 500 Debut
This article discusses how Coinbase’s recent developments are redefining its role in the crypto industry and making it increasingly relevant in payment infrastructure.
Paris Saint-Germain Becomes First Elite Football Club to Add Bitcoin to Its Treasury
This article explores PSG’s decision to add Bitcoin to its treasury, the club’s global influence, and how this move aligns with the interests of its largely young, digitally native fanbase.
Mayor Adams' Crypto Vision: Making New York City the Global Hub for Digital Assets
This article examines Mayor Eric Adams' efforts to position NYC as a crypto hub by repealing BitLicense, proposing a Bitcoin bond, and embracing blockchain innovation.
Meta Explores Stablecoin Integrations
This article explores how Meta is in early discussions to integrate stablecoins to reduce payout costs, highlighting recent developments and the broader context of stablecoin adoption.
Taiwan Joins Global Momentum to Adopt Bitcoin as a Reserve Asset
This article explores Taiwan’s recent proposal to add Bitcoin to its national reserves, placing it within the context of a broader global shift towards the strategic adoption of digital assets.
From Dubai to Abu Dhabi: UAE Accelerates Crypto Adoption in 2025
This article examines how both Dubai and Abu Dhabi are advancing the UAE's digital asset agenda through public service integration and sovereign investment in Bitcoin.
South Korea Moves Toward Crypto Integration: Presidential Pledge and New Digital Asset Committee
This article explores South Korea’s regulatory environment on digital assets, highlighting the recent launch of the Digital Asset Committee and a presidential pledge to approve spot crypto ETFs.
New Hampshire Establishes Strategic Bitcoin Reserve
This article outlines the key details on New Hampshire’s newly signed law establishing a Strategic Bitcoin Reserve, including the bill’s provisions, eligibility criteria for investments, and more.
Coinbase Joins the S&P 500: A Landmark Moment for the Crypto Industry on Wall Street
This article discusses Coinbase’s inclusion in the S&P 500 index, highlighting how the company had to meet strict requirements related to size, liquidity, and profitability to qualify.
Clearing the Fog: The UK to Bring Regulatory Clarity to Crypto
This article examines the United Kingdom's newly proposed cryptocurrency regulations, highlighting key provisions, their alignment with U.S. policy, and the potential implications of this move.
Mastercard to Integrate Stablecoins into Global Payment Network
This article breaks down Mastercard’s recent move to support stablecoin transactions across wallets, merchant payments, and cross-border transfers — and what it means for the broader crypto ecosystem.
Institutional Demand Drives Massive Bitcoin ETF Inflows
This article explores the rapidly evolving crypto ETF landscape, highlighting record-breaking Bitcoin ETF inflows, and a surge in SEC filings for new crypto products.
A New Bitcoin Treasury Giant: Twenty One Debuts with $3.9 Billion in BTC
This article examines the launch of Twenty One Capital by Cantor Fitzgerald, Tether, and SoftBank, outlining its structure, services, and the potential impact on institutional bitcoin holdings.
Washington Eyes Tariffs to Build America’s First Bitcoin Treasury
This article explores how the White House is considering the use of tariff revenues to fund a national Bitcoin reserve and the potential implications of this unprecedented policy shift.
Bitcoin by the Numbers: Outperforming the S&P 500 and Gold Over a Decade
A data-driven comparison of Bitcoin, gold, and the S&P 500 — exploring performance, accessibility, and why Bitcoin is becoming a critical addition to modern portfolios.
Navigating the Noise: Risk, Volatility, and the Evolving Crypto Landscape
In this article, we explore how recent shifts in macro conditions and investor psychology are reshaping perceptions of risk, and why Bitcoin continues to hold relevance amid systemic uncertainty.
Bitcoin’s Utility as a Store of Value: Explaining the HODL Phenomenon
Exploring why the majority of Bitcoin remains unspent, and how this impacts adoption of the Lightning Network and Bitcoin’s role as a store of value.
Bitcoin Shows Resilience Amid Market Uncertainty
Amid sharp equity market declines following Trump’s tariff announcement, Bitcoin’s relative stability highlights strong institutional support and its evolving role in global markets.
BlackRock’s Larry Fink Doubles Down on Digital Assets
An exploration of Larry Fink’s 2025 Chairman’s Letter and what it reveals about the accelerating institutional embracement of digital assets, and Bitcoin’s growing legitimacy.
Japan Moves to Classify Crypto as Financial Products
This article explores Japan's recent regulatory and institutional developments in the crypto space, highlighting efforts to bring digital assets into its traditional financial framework.
BlackRock’s Bitcoin ETP To Accelerate Crypto Adoption in Europe
This article explores how BlackRock’s launch of a Bitcoin ETP in Europe marks a significant step in mainstream crypto adoption and signals growing institutional confidence in digital assets.
GameStop Announces Plans for Bitcoin Treasury Allocation in Strategic Pivot
An in depth look into GameStop’s plans towards adopting Bitcoin as a treasury asset—and how its community-driven legacy and outlier status make this move uniquely significant.
Tether Is Buying More U.S. Treasuries Than Entire Countries
This article discusses how Tether, the issuer of the USDT stablecoin, became the world’s seventh-largest buyer of U.S. Treasury bonds in 2024—surpassing countries like Canada and Mexico.
Future of Crypto In Commerce: Why Businesses Are Turning to Crypto for Global Transactions
In this article we discuss how businesses are embracing cryptocurrency as a payment method to streamline global transactions and unlock new opportunities.
Donald Trump Fulfills Promises to the Crypto Industry
This article examines how Donald Trump has swiftly fulfilled many of his campaign promises regarding cryptocurrency, marking a significant policy shift that could have global implications.
Crypto Trading Surges in India Amid Economic Uncertainty
India's economic struggles are fueling a crypto trading surge, highlighting how Bitcoin can play a crucial role as a hedge against financial instability in developing economies around the world.
BlackRock Expands IBIT ETF Into $150 Billion Model Portfolio Universe
This article explores how BlackRock’s integration of its iShares Bitcoin Trust ETF (IBIT) into its $150 billion model portfolio universe could drive significant new demand, accelerating adoption.
Did Iceland Miss Out on an $600 Million Bitcoin Fortune?
The article discusses Iceland’s role in the Silk Road Bitcoin seizure, the missed opportunity of holding onto 6,600 BTC now worth $600 million (80 billion ISK), and the U.S.’s new Bitcoin reserve strategy to prevent similar losses.
Bitcoin’s Network Has Never Been More Robust
This article explores how record-breaking hashrate levels, improved decentralization of mining operations, and the steady growth of Bitcoin nodes have resulted in a more robust network.
AI, Crypto, and Robotics: The Technological Trifecta Transforming the Future Economy
This article examines the intersection of AI, cryptocurrency, and robotics, highlighting the pivotal role of cryptocurrency alongside other groundbreaking technologies.
2025: The Year of the Crypto IPO
2025 is set to be the biggest year for crypto IPOs, fueled by regulatory progress, institutional support, and strong investor demand.
The Changing Landscape of Bitcoin Ownership: A Look at Supply Distribution
An analysis of how Bitcoin’s supply distribution has evolved over the past year, the increasing role of third-party custodians, and the ongoing potential for global adoption.
Abu Dhabi Sovereign Wealth Fund Invests in Bitcoin
Institutional adoption of Bitcoin is accelerating, with Abu Dhabi's sovereign wealth fund among the major investors, alongside hedge funds and major banks increasing their Bitcoin ETF holdings.
Metaplanet: Asia's MicroStrategy
This article explores how Metaplanet, dubbed the 'MicroStrategy of Asia,' is leveraging zero-interest bonds to accumulate Bitcoin, and further positioning itself as a major corporate Bitcoin holder.
Trump and Digital Assets: How Policy Has Shifted Since He Took Office
This post highlights many of the Trump administration's early 2025 actions, signaling strong support for digital assets through new policies, legislation, and bipartisan efforts.
Bitcoin as a new National Reserve Asset?
This article examines the rising trend of countries adding Bitcoin to their reserves, driven by global economic shifts and the search for resilient, independent assets.
Insights from the Digital Assets Forum, London – February 2025
Key takeaways from the Digital Assets Forum in London on political shifts, institutional adoption, and regulatory challenges shaping the digital asset landscape in 2025.
Bitcoin ETFs See $5.25 Billion Inflows in January 2025
In January we saw $5.25 billion of inflows into U.S. spot Bitcoin ETFs signaling institutional confidence, driven by regulatory shifts, major fund leaders, and potential impacts on Bitcoin's price.
Would you rather hold Bitcoin or the US dollar for the next 10 years?
In this article, we discuss how inflation gradually reduces the U.S. dollar’s purchasing power and why Bitcoin’s fixed supply makes it a strong alternative for long-term value preservation.
U.S. SEC Launches Crypto Task Force Under Trump Administration
In this issue, we discuss the launch of a dedicated crypto task force to establish clear regulations for digital assets, marking a major policy shift under the Trump administration.
U.S. Banks Now Allowed Custody of Digital Assets
The SEC’s repeal of SAB 121 clears the way for U.S. banks to custody crypto, unlocking institutional participation and new capital inflows for the industry.
Solana Network endures record number of transactions after unprecedented activity
Solana recently endured record transaction volumes, showcasing its scalability and resilience. This article explores the rise in interest, and growing optimism around the Solana ecosystem.
Bitcoin’s Remarkable Resilience: Only 3 Down Years in History
In this article, we briefly discuss Bitcoin's unparalleled resilience, with only three years of negative returns in its 15-year history. We also explore its remarkable performance over the last year.
The Case for Bitcoin as a Global Reserve Asset
In this article, we discuss the historical evolution of global reserve currencies and analyze Bitcoin's potential as an alternative due to its fixed supply and decentralized nature.
Standard Chartered authorized to offer crypto services in Europe
In this article, we cover Standard Chartered's expansion into digital asset custody services in the EU via Luxembourg and its growing role in driving institutional adoption.
Italy’s Largest Bank Buys Bitcoin
In this article, we explore Intesa Sanpaolo’s recent Bitcoin purchase, its implications for digital asset adoption, and the impact of regulatory shifts in Italy.
The AI Narrative: How AI Agents are Reshaping Crypto
In this article, we discuss how the AI narrative gained momentum in the crypto industry, starting with Truth Terminal and the viral success of AI-powered tokens.
Czech National Bank Explores Bitcoin to Diversify Reserves
In this article, we explain how the Czech National Bank is considering Bitcoin as a potential addition to its foreign exchange reserves for diversification and the broader implications of this move.
DePIN Explained: What It Is, What It Solves, and Real-World Use Cases
In this article, we explain how DePINs utilize blockchain technology to decentralize physical infrastructure, addressing inefficiencies and high costs. We also provide some real-world examples.
Morgan Stanley considers adding crypto to E-Trade platform
This post explores Morgan Stanley's potential integration of the trading of digital assets into its E-TRADE platform, which would grant millions of accounts direct access to cryptocurrency.
2024
Majority of Bitcoin's Supply Held by Long-Term Investors
Recent Glassnode report reveals 69% of Bitcoin's supply is held by long-term investors, highlighting growing institutional confidence. In this article we dive into the data.
AMP Becomes Australia’s First Major Pension Fund to Invest in BTC
The first major Australian pension fund to invest $27 million AUD into Bitcoin. In this article, we touch on the broader implications of this move and why it matters.
Trump Confirms Plans To Establish Bitcoin Reserve
In this article we explore the potential establishment of a U.S. Bitcoin reserve under the Trump administration. Moreover, we discuss Bitcoin’s recent price surge and the broader market implications.
Japanese Lawmaker Pushes for National Bitcoin Reserve
Countries are increasingly exploring the idea of incorporating Bitcoin into their financial strategies-- in this article we highlight a recent proposal made in Japan for just that...
Meet the Pro-Crypto Leaders Driving the New Administration
Discover how key figures in the new administration, including David Sacks, Paul Atkins, and Vivek Ramaswamy, are poised to foster innovation and establish clear, fair regulations for digital assets.
Gensler Out – Pro-Crypto Paul Atkins Takes His Place
A New Dawn for Digital Assets: Paul Atkins to Lead SEC. In this Article we touch on the departure of Gary Gensler and the new face of the SEC that will be his replacement.
US Spot Bitcoin ETFs Surpass Satoshi Nakamoto’s Wallet
ETFs are shaping the future of Bitcoin investment for everyday investors and institutional players alike.
BlackRock’s Bond Funds Invest in Bitcoin
How BlackRock’s Bond Funds Are Pioneering Bitcoin Integration and Driving Institutional Adoption
Bitcoin Dominance Peaks: Is the Dawn of Altcoin Season Upon Us?
Altcoins Poised for Growth Amid a Reduction in Bitcoin’s Dominance. In this article we discuss some of the shifts that have occurred in recent days.
Swiss Parliament Approves Bitcoin Mining Study: A Step Forward for Innovation and Sustainability
Switzerland´s Canton of Bern is now exploring how Bitcoin mining can balance energy use and drive economic growth
Brazilian lawmakers are proposing a Bitcoin Strategic Reserve
Allocating 5% of National Treasury to Bitcoin for Global Risk Hedge and Financial Innovation
Solana ETFs Gain Momentum Amid SEC Engagement and Gary Gensler's Upcoming Departure
The SEC's active engagement with Solana ETF issuers, coupled with Gary Gensler's planned departure, sparks optimism for a more crypto-friendly regulatory landscape and expanded opportunities.
U.S. Bitcoin ETFs have collectively surpassed $100 billion USD in total assets
How ETFs Are Driving Stability and Adoption in the Bitcoin Market
Bitcoin Surpasses Silver: A Modern Asset Redefining Value
Bitcoin has officially overtaken silver as the 7th most valuable asset in the world, reaching a new all-time high of $99,486 USD as of 22.11.24.
Bitcoin Boom: Public Companies Accumulating Bitcoin in record amounts
Explore how corporations are reshaping Bitcoin’s role in finance, with MicroStrategy leading the charge and Microsoft considering its potential for future investments.
Retail Crypto Revival: Unpacking the Signs of Growing Interest
From soaring Google searches and new wallet creations to Coinbase's rising app store rankings and a buzz on social media, our article dives into the key indicators driving this renewed enthusiasm.
Pennsylvania's Bitcoin Reserve Proposal
Pennsylvania’s Bitcoin reserve proposal reflects a growing trend of state and national adoption of cryptocurrency as a strategic asset.
Trump wants a U.S. Bitcoin strategic reserve
The world's largest Bitcoin conference was held in Nashville last weekend. In all probability, no conference within the cryptocurrency world has attracted such big names, but among the guests and speakers were Donald Trump, Robert F. Kennedy Jr., Edward Snowden, Cathie Wood, Russell Brand, and Vivek Ramaswamy.
Ethereum ETFs Launch Today
In January, Bitcoin Exchange Traded Funds (ETFs) were launched in the United States for the first time, marking the debut of cryptocurrency ETFs there. It is safe to say that the response to these funds has been positive, with net inflows into Bitcoin ETFs over the past six months exceeding $16 billion.
Ethereum ETFs approved
It is safe to say that this week has been excellent for the crypto industry. On Monday, strong rumors emerged that the U.S. Securities and Exchange Commission (SEC) had begun extensive communications with applicants for Ethereum exchange-traded funds (ETFs), suggesting an increased likelihood that the applications would be approved this week. Communication between the SEC and the applicants had been almost nonexistent in recent weeks, indicating that the SEC intended to reject the applications. Therefore, market expectations at the beginning of the week were very low.
Phenomenal Performance of Crypto Markets in Q1 2024
In the first quarter of 2024, the cryptocurrency market has witnessed a phenomenal surge. Bitcoin, representing around 50% of the total market cap, showcased a stellar 68% gain that underscored investors' confidence in the emerging digital assets space.
Financial institutions in the cryptocurrency sector
Traditional financial institutions are increasingly focusing on the cryptocurrency sector in their operations. A recent report from the asset management company Bitwise includes an interesting table of the services many of the world's leading financial firms have started offering their clients.
SEC approves Bitcoin ETFs
One of the biggest events in the cryptocurrency sector's history occurred last night when the U.S. Securities and Exchange Commission (SEC) approved 11 asset managers' applications for the registration of Bitcoin exchange-traded funds (ETFs).
2023
Bitcoin as a hard asset investment option
The global investment environment is undergoing significant changes. After decades of declining interest rates and low inflation, rates have begun to rise again following the resurgence of inflation in the United States for the first time in 40 years. It can be argued that inflation expectations for the next 10 years are much higher than we have been accustomed to over the last decade.
Financial giants set up a digital asset exchange
A new cryptocurrency exchange called EDX Markets was launched in the United States yesterday. The exchange's founders are established titans of the traditional financial industry, such as Citadel Securities, Fidelity, and Charles Schwab.
BlackRock files for a Bitcoin Spot ETF
In a move that could potentially redefine the landscape of digital assets, BlackRock, one of the globe’s leading asset managers, has officially filed an application with the US Securities and Exchange Commission (SEC). The application pertains to establishing a new exchange-traded fund (ETF) with its direct investments in Bitcoin. Interestingly, the custodianship of the deposit would be managed by Coinbase, a premier US-based digital currency exchange, and custodial service.
MiCA legislation approved - a significant milestone for digital assets
In May, the European Union's leadership council approved a comprehensive new regulatory framework for cryptocurrencies, set to become law across Europe and take effect in 2024. This marks a significant step towards establishing a holistic regulatory framework for cryptocurrency operations, something stakeholders within and outside the industry have long called for. The framework, called Markets in Crypto Assets (MiCA), establishes a foundation for companies operating in this space within Europe and promotes industry development and investment.
The Debt Ceiling and its impact on the Market
There has been considerable discussion about the US government's debt ceiling. The debt ceiling is the amount the US government is legally allowed to owe. To increase the debt beyond this limit, a law change is needed to raise the debt ceiling. The US government is expected to run a deficit of around 1.5 trillion dollars this year, and forecasts predict that the deficit will double as a percentage of GDP over the next 30 years (Congressional Budget Office).
China and Hong Kong re-enter the digital asset world
Increasingly, nations worldwide are beginning to see opportunities in the substantial growth occurring in the cryptocurrency sector. Many are trying to attract businesses focusing on this new technology. This trend is often compared to the Silicon Valley boom in the United States, where many of the world's largest tech companies have emerged.
Bitcoin gains momentum amid a banking crisis
The banking crisis in the United States is in full swing, with three major American banks being taken over or declared bankrupt. These three banks are among the largest that have collapsed in the history of the United States.
The biggest Ethereum update of the year
The Shanghai upgrade occurred on the Ethereum blockchain on April 12 and is the first major upgrade to Ethereum after the proof-of-work (mining) for transaction verification was discontinued. The so-called "staking" reward system took over.
Central Bank Interventions - Are there any limits?
In this article, we will briefly discuss the situation of foreign central banks. Although the current situation in Iceland is not described here, Icelanders are, of course, no strangers to interventions in the banking system, considering that the most significant banking crisis in the world happened here in relation to the size of the economy. This discussion concerns the world as a whole, as the world's economies have never been more interconnected.
Viska invests in CCP's AAA game built on blockchains
We are delighted to announce that Viska, a cryptocurrency fund, is one of the few entities that had the opportunity to invest in the new blockchain project of the video game developer CCP.
Fidelity allows digital asset trading for retail
News continues to arrive about large institutional investors entering the cryptocurrency field. Fidelity Investments has opened access for general investors to purchase Bitcoin and Ether without hindrance.
Policy shift at the FED - money printing in full effect
Updated figures on the Federal Reserve's (FED) economic account status were published yesterday. It's safe to say that a significant policy shift of the bank can be noted when examining the figures.