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Algorand CEO calls blockchain the end of TradFi
Yahoo Finance· 2026-03-09 21:03
Core Insights - Staci Warden, CEO of Algorand Foundation, believes that major Wall Street banks are trapped in inefficiency, spending tens of billions annually to determine asset ownership [1] - Warden describes traditional finance as being in "reconciliation hell," where assets are scattered across databases that do not communicate effectively, and argues that blockchain provides a simpler solution [2] Blockchain and Digital Cash - Warden emphasizes that blockchain functions more like physical cash than a bank account, allowing for a shared ledger where ownership is clear and eliminates the need for constant balance checks between banks [3] - By adopting a digital cash model, the financial sector could avoid traditional obstacles such as complex banking networks and high remittance costs, which can take up to 15% of the total amount sent [4] Data vs. Money Transfer - Warden points out the paradox that transferring data is significantly easier and faster than transferring money, citing the example of sending a two-hour movie for free versus the high fees and delays associated with sending $10 [5] - The use of a U.S. dollar stablecoin on a blockchain could address these issues, representing a fundamental shift in the concept of money itself [6] Instant Payment Systems - The discussion also included references to popular instant payment systems like India's UPI, Brazil's PIX, and America's Venmo, highlighting the evolving landscape of payment solutions [7]
X @Cointelegraph
Cointelegraph· 2026-03-06 14:50
The line between traditional finance and digital assets is blurring, and Paris is where the conversation happens.@ParisBlockWeek 2026 will take place on April 15–16 at the Carrousel du Louvre in Paris.Speakers include:• Clara Chappaz, former French Minister for Digital Affairs• Nikhil Sharma of BlackRock• Kara Kennedy of J.P. Morgan• Sabih Behzad of Deutsche Bank• Chuck Mounts of S&P Global• Monica Long of Ripple• Ben Zhou of Bybit…and thousands more decision-makers.Cointelegraph joins as Strategic Media Pa ...
X @Chainlink
Chainlink· 2026-02-26 20:47
Water Tower Research (@WTR_Research):"We believe Chainlink will play a key role in powering the next generation of onchain capital markets. It is uniquely positioned to capture value from the substantial growth opportunity in asset tokenization ahead."Water Tower Research LLC (@WTR_Research):Chainlink Labs is the connective infrastructure powering DeFi, stablecoins, tokenization, and predictive markets by linking blockchain systems to real-world data and traditional finance.🔹 Onchain capital markets enabler ...
X @Nick Szabo
Nick Szabo· 2026-02-05 16:08
RT Nick Szabo (@NickSzabo4)It's a truly idiotic idea. Epstein made his billions with fiat ponzi schemes, by working for and getting loans from banks, and by working for/with other Zionist plutocrats like Lex Wexner and Leon Black who made their own billions doing similar -- in Wexner's case, getting fiat bank loans to buy and expand sleezy businesses targeting teen sexuality, in Black's case using bank loans (margin) to buy financial securities. Epstein and his business buddies were traditional finance peop ...
X @CoinDesk
CoinDesk· 2026-01-27 01:53
“Consumers win when there’s choice.”@patrickjwitt says lawmakers still have concerns about community banks and financial stability, but crypto and traditional finance are ultimately converging. https://t.co/0A8lCsL90O ...
Deutsche Bank Initiates Coinbase Coverage With Buy Rating
Financial Modeling Prep· 2025-12-17 21:02
Core Viewpoint - Deutsche Bank initiated coverage of Coinbase Global Inc. with a Buy rating and a price target of $340, highlighting the company's expanding role in the on-chain financial ecosystem [1] Group 1: Market Position and Strategy - Coinbase is positioned to leverage its established market presence into a broader "everything exchange" platform, which is expected to significantly expand its addressable markets across retail and institutional clients [2] - This strategy aims to diversify revenue streams and reduce reliance on pricing from retail crypto trading [2] Group 2: Industry Trends and Financial Outlook - The convergence of traditional finance and decentralized finance, along with increasing individual adoption of on-chain platforms, are identified as long-term tailwinds for the industry [3] - Although 2025 is expected to be a heavy investment year with core expenses projected to grow over 20% and adjusted EBITDA declining over 10%, Deutsche Bank believes the most intensive phase of investment has passed [3] Group 3: Growth Potential and Revenue Expectations - With numerous product and service developments announced, Coinbase is expected to be better positioned to scale operations in 2026 and beyond [4] - In favorable crypto market conditions, revenue growth is anticipated to outpace expense growth, leading to at least modest EBITDA margin expansion [4] - Key growth areas include the Base App, institutional crypto services, enhanced on-chain retail banking, prediction markets, and expanded trading capabilities [4]
X @ZKsync
ZKsync (∎, ∆)· 2025-11-02 14:49
Industry Convergence - Traditional finance and crypto are converging rapidly [1] - zkSync is at the forefront of this convergence [1]
X @Trust Wallet
Trust Wallet· 2025-10-28 16:58
Stablecoins and Traditional Finance - Stablecoins and traditional finance are converging [1] - Self-custody is central to the future of this convergence [1] Company Focus - General Counsel Shehram Khattak discussed the convergence at @BlLife_Forum [1]
X @Bloomberg
Bloomberg· 2025-10-28 11:27
Industry Outlook - Private credit is expected to collaborate with traditional finance [1] - Citigroup CEO Jane Fraser expressed this hope at the FII forum in Riyadh [1]
X @Sei
Sei· 2025-10-24 19:31
Adoption & Convergence - Major players in both crypto and traditional finance are converging on the Sei blockchain [1] - The convergence indicates a growing interest and adoption of Sei within the broader financial landscape [1] Key Participants - Notable entities choosing Sei include Chainlink, Morpho, Ondo, KAIO, Agora, Circle, Tether, PayPal, LayerZero, Securitize, and MetaMask [1] - The diverse range of participants suggests Sei's versatility and appeal across different sectors [1]