Crypto's vaporware problem

Vaporware refers to products not underpinned by realistic assumptions or a solution looking for a non-existent or overstated problem. The Blockchain has it too.

"Humans are fundamentally irrational beings: we have the tendency to overvalue far-fetched stories and undervalue practical reality, especially in times of abundance. It is during these times when narratives take precedence over fundamentals, that ‘vaporware’ projects will spawn en-masse." 

 

Read more HERE.

ECB selects partners to help develop digital euro prototype

The European Central Bank (ECB) has picked five partners - including CaixaBank and Amazon - to help it develop a digital euro prototype.

The ECB received 54 expressions of interest after it put out a call for partners in April and has now settled on five partners.

Full details HERE.

Is Bitcoin a failed experiment?

"Bitcoin has become that decentralized, digital currency that grew up and left the hood. It has become slow, clunky, and expensive to use. It is not useful as a store of value. It is not very useful for day-to-day transactions.

Bitcoin is, however, not a failed experiment. It has opened the way for other better cryptocurrencies with more utility and stability" So writes  Tomisin Olujinmi.

Read the full article HERE.

How does raising interest rates control inflation?

When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film from The Economist tells you why.

Are CEO salaries out of control?

Last year, the median pay for the UK’s FTSE 100 CEOs was 80 times the median salary of their employees. As Patrick Temple-West reports, in the US the gulf is even greater, with S&P 500 CEOs earning on average 245 times more. The massive disparity has prompted criticism from many investors, with even billionaire Carl Icahn describing such wage gaps as “unconscionable”. From FT Moral Money.

Read the latest Edition (#131) of the Citadel Advantage News Digest

NEWS about Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Read the newsletter HERE (with links to all the below mentioned articles).

Contents of this edition;

• Is it time to unbundle ESG?
• Et Tu, Muske?
• 6 Keys to Data Center Planning
• How banks can personalize financial wellness
• Consumers Expect Personalization at Every Banking Touchpoint
• Creating a Secure Mobile App: Main Vulnerabilities and Security Practices
• 4 Ways Citizens Bank Keeps 'Human' in Its Digital Banking Experience
• Your Complete Guide to Getting A Job On Blockchain
• Why Banks Need to Fix Their Poor Digital Onboarding Experience
• Artificial Intelligence in AP Automation – A Look at What Really Works, and What Doesn't
• High Rates & Tight Housing Spells Bleak Outlook for Mortgage Lending
• Making the branch relevant by design
• Electric Vehicle Lending: How Green Loans Can Accelerate Growth
• Nigerian Commercial Banks ‘Apathetic’ Over CBDCs, says Governor
• A Lifetime's Consumption of Fossil Fuels: Visualized
• What Happened to Terra Luna?
• Are We Having 1929 Again? - Warren Buffett
• What happens to investors money when a cryptocurrency exchange goes bankrupt
• How Blockchain Technology Is Revolutionizing Fintech in 2022
• How Payment Businesses Deal with Fraud and Data leaks
• The Importance of IoT Security
• Organization and metaverse privacy concerns

You can read/subscribe/get all the back issues HERE

Are We Having 1929 Again? -Warren Buffett

Warren Buffett explains the 1929 market crash and shares his thoughts on how to deal with events of today.

Warren E. Buffett is an American investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.