Selected articles of the week:
In order to value securities and precious metals based on their fundamentals, investors often resort to pricing models. In the case of shares, this usually includes the revenues of a company, whereas precious metals such as gold have no cash flows. The same is true for bitcoin, which is why many valuation models for the “digital gold” have been created in analogy to its physical counterpart. Will any of these price predictions survive the current bear market?
With the loss of confidence in the most well-known bitcoin price prediction models (S2F), it is uncertain how the price will evolve.
The approval of the first Bitcoin exchange-traded fund (ETF) in the U.S. marked a milestone for the industry. However, the six ETFs approved to date are exclusively futures-based products backed by CME contracts. This offers some disadvantages for investors compared to a physically backed ETF, primarily caused by rolling costs; apparently not of interest to the U.S. Securities and Exchange Commission (SEC), as spot ETFs are still categorically rejected.
Major firm Grayscale files suit against U.S. regulator SEC after rejecting its bitcoin ETF and emphasizes that they act with arbitrariness.
As cryptocurrencies make their way into traditional finance, illicit activity remains a major concern for regulators. The myth of “black market money” is proving persistent, although fact-based analysis vehemently disagrees. New research from leading crypto market researcher Chainalysis proves once again that illicit transactions represent a tiny fraction of the total volume and hardly pose a threat to global economies.
Crypto market researcher Chainalysis once again proves that illegal transactions with cryptocurrencies are hardly an issue for the space.
The Bored Ape Yacht Club (BAYC) has had an impressive journey from nothing to the number one spot of all NFT collections. But the project’s rise has not been without controversy. For some time now, the founders have been accused of hidden motives and allusions to racist symbols, some of which raise eyebrows. Are the various parallels merely coincidences or is there more to it?
The founders of the Bored Ape collection, Yuga Labs, are currently battling accusations of hiding racist motifs in their NFTs.
In addition: Breitling, the long-established Swiss watchmaker, has already been experimenting with blockchain technology for several years. A digital passport contains all the relevant information about the watch, from the COSC certificate to the chronometer certificate of the movement to the warranty. Breitling provides a secure marketplace and an integrated appraisal via blockchain technology. The watchmaker is now expanding its offering with cryptocurrency payments.
Registered Breitling owners now have the opportunity to benefit from various digital advantages via the blockchain warranty card.
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