Analysis


Policy

Bank of America Says US CBDC Would Preserve Dollar’s Status as World’s Reserve Currency

CBDC’s are an inevitable evolution of today’s electronic currencies, the bank’s analysts said.

dollar_bill_shutterstock

Finance

Jefferies Sees the NFT Market Reaching More Than $80B in Value by 2025

The bank raised its market-cap forecast to over $35 billion for 2022 and expects double-digit percentage growth for the next five years.

(Melody Wang/CoinDesk)

Finance

JPMorgan Says Ethereum Is Losing NFT Market Share to Solana

The bank cites Ethereum's high transaction fees and congestion.

Solana's Breakpoint came at the market's previous zenith (Zack Seward/CoinDesk)

Markets

DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis

‘Rug pulls’ accounted for 37% of all scam revenue this year compared to just 1% in 2020.

rug pull

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Finance

On-Chain Data Hub Nansen Eyes Aggressive Growth With $75M Raise

Accel, Singapore’s sovereign wealth fund and other VCs are backing an emerging player in making blockchain data make sense. CEO Alex Svanevik explains Nansen’s scaled-up vision.

Nansen co-founders Alex Svanevik and Evgeny Medvedev. (Nansen)

Markets

Shiba Inu Coin Faces ‘Reversion’ Worthy of Parabolic Rise, Analyst Says

Bloomberg’s Mike McGlone sees SHIB token frenzy as a sign of “excess” in cryptocurrency markets and predicts a “reversion worthy of its parabolic rise.”

Photo from Flickr by Yuya Tamai, modified by CoinDesk.

Markets

Goldman Sachs Analyst Says Crypto Is an Alternative to Copper, Not Gold

The analyst noted both bitcoin and copper behave as “risk-on” inflation hedges, while gold is viewed as a haven.

Goldman Sachs

Policy

S. Korea’s Crypto Rules Might Only Help the ‘Big 4’ Exchanges

South Korea may not be planning to ban cryptocurrencies, but its regulatory regime may only favor the biggest incumbents.

Seoul, South Korea

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Markets

Five On-Chain Indicators Investors Should Follow: Chainalysis

We talk to Philip Gradwell, chief economist at the blockchain intelligence firm Chainalysis, to discuss the five indicators every crypto trader should track.

Use of a divining rod observed in Great Britain in the late 18th century. Image drawn by Thomas Pennant (1726-1798)

Markets

Hamstringing an Industry With Compliance Costs

The risk to the industry when crypto companies have to spend millions on compliance, plus new BTC mining in TX and the IMF on digital currencies.

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