After Silvergate Bank, Signature Bank, SVB Bank and First Republic Bank, Europe is also contaminated by Credit Suisse. The response from the regulators was not long in coming. And after 2008 crisis, they are not joking. The only watchword, Reassure. The arranged marriage organized by SNB for UBS to buy Credit Suisse is only a decoy to avoid the nationalization which would have given bad press to Swiss financial services. We quickly forget the past of UBS to pass it off as a good student. But ...

After Silvergate Bank, Signature Bank, SVB Bank and First Republic Bank, Europe is also contaminated by Credit Suisse. The response from the regulators was not long in coming. And after 2008 crisis, they are not joking. The only watchword, Reassure. The arranged marriage organized by SNB for UBS to buy Credit Suisse is only a decoy to avoid the nationalization which would have given bad press to Swiss financial services. We quickly forget the past of UBS to pass it off as a good student. But ...

The firmness of American regulation only increases the fracture between their dinosaur world and the future of finance. Silvergate Bank, a key player in the crypto banking sector, has revealed that it could soon be "less than well capitalized," leading to the dropping of the bank by several large crypto enterprises. Silvergate had 94 crypto exchange clients and 894 institutional investors at the end of 2022. This news is significant because Silvergate was instrumental in solving the "fiat pro...

The firmness of American regulation only increases the fracture between their dinosaur world and the future of finance. Silvergate Bank, a key player in the crypto banking sector, has revealed that it could soon be "less than well capitalized," leading to the dropping of the bank by several large crypto enterprises. Silvergate had 94 crypto exchange clients and 894 institutional investors at the end of 2022. This news is significant because Silvergate was instrumental in solving the "fiat pro...

Hard to believe after such a big jobs report that the Fed is not going to hike rates three times this year, one more than previous. The big winner is the Fed. This clearly gives it more leeway to fight inflation. And inflation has certainly hit a high, but it is still very present and may not say its last word. Commodity prices have risen again since the beginning of the year and could have an impact on consumer prices within 6 months. The markets were chaotic last week with the Fed's co...

Hard to believe after such a big jobs report that the Fed is not going to hike rates three times this year, one more than previous. The big winner is the Fed. This clearly gives it more leeway to fight inflation. And inflation has certainly hit a high, but it is still very present and may not say its last word. Commodity prices have risen again since the beginning of the year and could have an impact on consumer prices within 6 months. The markets were chaotic last week with the Fed's co...

Centralized staking as a target This is not new but it has accelerated in the last month. The SEC shoots at all costs on the crypto platforms offering staking to their customers . She is obsessed with its security qualification. Rumors swirl that the SEC would like to ban staking for individuals in the United States. The SEC says that the action will make it clear to the marketplace that staking-as-a-service providers must provide proper disclosures and safeguards to protect investors.The SEC...

Centralized staking as a target This is not new but it has accelerated in the last month. The SEC shoots at all costs on the crypto platforms offering staking to their customers . She is obsessed with its security qualification. Rumors swirl that the SEC would like to ban staking for individuals in the United States. The SEC says that the action will make it clear to the marketplace that staking-as-a-service providers must provide proper disclosures and safeguards to protect investors.The SEC...

The market for crypto-assets initially experienced a drop in value due to the depegging of the USDC, but it quickly rebounded after the Federal Reserve announced its support for banks on Sunday evening. However, despite this announcement, banking stocks were still subject to criticism on the following day. The ghost of Lehman Brother is not far. The systemic risk of the banking system remains omnipresent. 1, 2, 3, and the Fed coming to the rescue, like déjà vu… Never more than today has there...

The market for crypto-assets initially experienced a drop in value due to the depegging of the USDC, but it quickly rebounded after the Federal Reserve announced its support for banks on Sunday evening. However, despite this announcement, banking stocks were still subject to criticism on the following day. The ghost of Lehman Brother is not far. The systemic risk of the banking system remains omnipresent. 1, 2, 3, and the Fed coming to the rescue, like déjà vu… Never more than today has there...

The correlation between cryptos and stock indices is back and the strong rally in equity and credit markets in January has surprised most of investors. The performance is due to better than expected economic data, China reopening and low European gas prices, which have reduced recession risk. Europe has been leading the economic surprise, but the high level of the Euro area Economic Activity Surprise Index (EASI) is a source of vulnerability and might slow down euro assets in the future. In t...

The correlation between cryptos and stock indices is back and the strong rally in equity and credit markets in January has surprised most of investors. The performance is due to better than expected economic data, China reopening and low European gas prices, which have reduced recession risk. Europe has been leading the economic surprise, but the high level of the Euro area Economic Activity Surprise Index (EASI) is a source of vulnerability and might slow down euro assets in the future. In t...

We were at Pay' Tech Day in Paris last week. What we heard during the sessions is that “credit card will still exist in 10 years”. Really? Good news if you are not yet in Web 3, you are early. Why should it be this way when we look at the pace of innovation in the space and specifically in web3. The majority of players were still concerned with the management of the various electronic invoice formats. No, electronics and digital are not technological revolutions, they have just replaced ...

We were at Pay' Tech Day in Paris last week. What we heard during the sessions is that “credit card will still exist in 10 years”. Really? Good news if you are not yet in Web 3, you are early. Why should it be this way when we look at the pace of innovation in the space and specifically in web3. The majority of players were still concerned with the management of the various electronic invoice formats. No, electronics and digital are not technological revolutions, they have just replaced ...

We went to NFT Paris last week. We were impressed by the queue at the entrance, almost 2 hours of waiting. This clearly shows the popularity of Web3. Inside we met many artists promoting their collections, Web3 agencies, Web3 companies but also consulting firms and investment funds. What is most surprising is that very few use cases are handled with NFTs. The hype and speculation are still far too present, which shows us that the ecosystem is still young. Too often, still today, NFT is consid...

We went to NFT Paris last week. We were impressed by the queue at the entrance, almost 2 hours of waiting. This clearly shows the popularity of Web3. Inside we met many artists promoting their collections, Web3 agencies, Web3 companies but also consulting firms and investment funds. What is most surprising is that very few use cases are handled with NFTs. The hype and speculation are still far too present, which shows us that the ecosystem is still young. Too often, still today, NFT is consid...