Blockchain 2.0: Cryptocurrencies are only the beginning
Launching the Credit Suisse Blockchain Revolution Series: In this in-depth report, we analyse the market implications of blockchain technology in light of the bitcoin boom since our initial cross-sector and cross-border publication, Blockchain: The Trust Disrupter, roughly a year ago. While we make no comment on the valuation of particular cryptocurrencies, we believe the rise of bitcoin and Initial Coin Offerings highlights how transformative the underpinning blockchain technology will be across sectors, with financial services and capital markets at the front of the queue.
ICOs, Tiny IPOs, & OTC Securities, Oh My …
All early stage investing is risky and should be viewed through the same lens. Small IPOs, initial OTC listings, private equity/venture capital investments, crowdfunding, and even Initial Coin Offerings are all ways for early stage companies to raise capital. In each case, there is a large risk of failure that theoretically also carries large return potential. But none of these methods should tolerate fraud.
IMF head foresees the end of banking and the triumph of cryptocurrency
In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies. Christine Lagarde — a Paris native who has held her position at the IMF since 2011 — says the only substantial problems with existing cryptocurrency are fixable over time.
Cryptocurrencies: Iniquitous or Misunderstood?
Bitcoin’s valuation eclipsed $4,950 earlier this month, up almost 400% from the start of the year. Then China cracked down on exchanges and JPMorgan CEO Jamie Dimon labeled the cryptocurrency a ‘fraud.’ Bitcoin recently closed at $3,650. If you crave action and volatility, this is the asset for you. But traditional capital markets professionals know very little about cryptocurrencies; more education is warranted.
InvestFeed signs deal with BNC as preferred market data vendor
investFeed is a social networking and market access platform. Initially developed for traditional financial markets, the company has recently pivoted to focus on servicing the crypto sector and has selected BNC as its market data provider.
Blockchain: Saved by the Enterprise
Blockchain, otherwise known in capital markets as Distributed Ledger Technology (DLT), could potentially change the most fundamental foundation of capital markets: the transaction. DLT provides much needed functionality by embedding processing logic directly into contracts, decentralizing the trust needed for smooth risk transference, and bringing consensus-driven verification to transactions. DLT will have a tremendous positive impact on operational efficiency and cost overheads. DLT also will enable workflows to be created that will transform virtually all economic activity. However, standards and protocols are still being defined. Reference architectures are being contemplated and subjected to rigorous proofs of concept. And while there are now numerous production-level projects underway to bring the benefits of DLT to capital markets, significant challenges remain, given the complex technological ecosystem that is at the core of capital markets. For DLT to transform this ecosystem, it will need to operate within that ecosystem.
Blockchain investments and the new problem asset for conventional VCs
As of Q1 2016, in excess of $1.1 billion in private capital has been invested in blockchain and Bitcoin startups by traditional venture capital firms and seed investors. But as decentralized applications and marketplaces continue on the road to maturity, there is a problem. VCs might be asking themselves — are we investing in the correct asset class?
Inside the fundraising model that’s about to open up a $1 Billion market to blockchain startups
In the blockchain space this summer, three white hot letters are buzzing on everybody’s lips: ICO, or Initial Coin Offering. Droves of blockchain developers are scrambling to put together white papers to architect the next big solution since Bitcoin.
Solidifying the Network for Distributed Ledger Technology in Capital Markets
Nearly 80 percent of financial institution executives believe that distributed ledger technology will significantly transform capital markets within the next three years. But infrastructure technology will be the lynchpin for how well DLT applications and solutions are adopted and perform in the fintech, institutional trading and security arenas.
Europe may become the hot-spot for Blockchain disruption
If you are interested in Blockchain, you should maybe look to north-western Europe, in particular Ireland, The Netherlands, and naturally The UK with London still being the fintech capital of the world.
McKinsey sees blockchain technology reaching full potential in 5 years
McKinsey & Company, a global management consulting firm for governments and NGOs, recently submitted a blockchain Technology report to the US Federal Advisory Committee on Insurance. The firm analyzed how the technology may disrupt a range of industries, emphasizing banking and insurance, and predicts commercial deployment of blockchain technology at scale by the year 2021.
Bill Gross says bitcoin might lead to an alternative to the current financial system
Bill Gross recently shared his thoughts about bitcoin and blockchain. As Portfolio Manager of the Janus Global Unconstrained Bond strategy, Gross is responsible for US$1.54 billion in assets.
Credit Suisse leads HSBC, Citi, and AllianceBernstein to develop blockchain solutions for financial reference data
Seven financial institutions, including Credit Suisse, Citi, and HSBC, have collaborated “to explore how blockchain technology could simplify reference data processes.” The companies are working with blockchain technology company R3 CEV and capital markets blockchain infrastructure provider, Axoni.
Capital markets and investment banking: Time for real change and bold actions.
The industryâs restructuring has failed to help it fully recover from the global financial crisis, but new operating models can bring about transformational success.
Credit Suisse analysis as to how blockchain can impact stocks
In this report, we reassess our views on the extent to which bitcoin and its underlying technology, blockchain, present a disruptive threat and/or opportunity to global incumbents operating in the payments, capital markets, financial services and media ecosystems. We leverage Credit Suisse's global franchise to deliver the collective cross-sector and cross-border insights of 31 contributing analysts across 5 sectors and 5 key geographies, providing 14 key stock calls.
Credit Suisse analysis as to how blockchain can impact stocks
In this report, we reassess our views on the extent to which bitcoin and its underlying technology, blockchain, present a disruptive threat and/or opportunity to global incumbents operating in the payments, capital markets, financial services and media ecosystems. We leverage Credit Suisse's global franchise to deliver the collective cross-sector and cross-border insights of 31 contributing analysts across 5 sectors and 5 key geographies, providing 14 key stock calls.
