Disruption Banking Weekly Highlights (21)
Disruption Banking
#DisruptionBanking: bringing news about DeFi, capital markets, and all things blockchain to Investment Managers
That time of week again – time to catch up on the latest news and analysis from #DisruptionBanking!
Harry Clynch started by looking into analysis showing that the Tron cryptocurrency has become increasingly popular for terrorist financing. The data shows that Bitcoin is being used less and less for facilitating terrorism and Tron is being used more and more. More about this story here:
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Harry then wrote about the shock results of the Indian election, in which incumbent prime minister Narendra Modi unexpectedly lost his parliamentary majority. This had ramifications on financial markets: in the immediate aftermath of the initial results coming through, around $386 billion was wiped off India’s benchmark BSE Sensex index and the Indian rupee neared an eleven-month low. Harry spoke to Anubhav Sahu, CFA in Mumbai to find out more:
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Andrew Samu covered the recent Smart City Sustainability Conference which was jointly hosted by the Hungarian Ambassador Ferenc Kumin , Hungarian Investment and Trade Attaché Judit Czako , and CEO of the Hungarian British Business Alliance Susanna Toth Lee . Find out more about the opportunities presented by British-Hungarian collaboration in the technology space:
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Adéníyì Mákindé analysed movements on Monero (XMR) markets. Monero is a privacy-centric crypto that was launched in April 2014 and is designed to provide secure, private, and untraceable transactions. Adeniyi suggests that its price could rise by more than 25% by the end of the year – find out why below:
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Finally, Harry covered the news of Justin Sun depositing $21 million worth of crypto on Binance last week, which created speculation that Sun could be about to dump crypto on markets and potentially help drive down prices. While this is not necessarily his motivation, given Sun’s track record, Harry suggests that you cannot discount the possibility of ulterior motives being at play:
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Make sure to check back next week for more news, features, and analysis from the #DisruptionBanking team.