Digital assets can present expansive and valuable opportunities for a TradFi institution that's prepared to lay the necessary foundation. As digital asset options continue to gain attention and acceptance from investors, traditional financial institutions may be considering adding digital assets to their offerings and/or portfolios. As with any other industry, "standing still" isn't an option in the financial sector, and tapping into the potential of digital assets can help TradFi organizations tap into an enthusiastic and growing new customer base. Further, adding digital assets can diversify a traditional portfolio, offering a hedge against market downturns. However, any upside achieved from being viewed as an innovative early adopter can quickly be erased if a TradFi institution isn't thoroughly prepared for the unique opportunities, challenges and risks that come with digital assets. Below, 11 members of Cointelegraph Innovation Circle share essential things any TradFi organization must be prepared to do if it's considering digital assets and why these steps shouldn't be skipped.
Being fully aware of both the strengths and weaknesses of bots can help traders leverage them with optimal success. Investment marketplaces — particularly the volatile cryptocurrency market — move at lightning speed and operate around the clock. It's not surprising that crypto traders would consider leveraging trading bots, which can monitor the market 24/7, analyze ever-inflowing and changing data and follow established instructions to automatically buy and sell crypto. Bots don't need sleep and won't make mistakes due to fatigue, impulse or emotion, and they can react in a fraction of a second. Bots can be incredibly valuable tools for crypto traders, but along with their many advantages, they do have significant limitations as well. If traders rely too heavily or uncritically on bots, the results may not be what they were hoping for. Below, 10 members of Cointelegraph Innovation Circle share their advice for traders who are considering adding trading bots to their investment toolkits — their counsel can help both experienced and new traders leverage bots both wisely and well.
Tracking Bitcoin blockchain metrics can provide a window into the overall health of the crypto community. Many who aren’t crypto industry insiders may view “Bitcoin” and “crypto” as basically synonymous. While members of the traditional finance industry know that there’s much more to crypto than Bitcoin, they also know that Bitcoin’s performance and health serve as a bellwether for the acceptance and growth of the overall crypto industry. Monitoring select blockchain metrics can help financial institutions and investors gauge market sentiment, predict changes in values and identify investment risks and opportunities not only in terms of Bitcoin, but also the larger crypto industry. Below, 11 members of Cointelegraph Innovation Circle detail Bitcoin blockchain metrics TradFi organizations would be wise to watch.
Respect for users’ personal privacy must be top of mind when developing proof-of-humanity identity solutions. Trust is in shorter supply in the digital world these days. As artificial intelligence evolves and produces more “humanlike” and realistic results, users of digital services are increasingly concerned with knowing who and/or what, precisely, they’re interacting with. With a commitment to decentralization and broad access, the crypto industry in particular needs proof-of-humanity solutions to avoid issues like fake accounts and automated bots — and, of course, to comply with Know Your Customer and Anti-Money Laundering regulations. The crypto industry is nothing if not innovative, and proof-of-humanity solutions that leverage verified video registries, social connections and biometric identification are among those in the works. But user privacy and control are a cornerstone of the crypto philosophy, so it’s essential that developers demonstrate a commitment to these principles. Below, nine members of Cointelegraph Innovation Circle share their advice and ideas to help developers of proof-of-humanity solutions preserve the privacy of personal information.
Sep 7, 2023
Overall, businesses and individuals should constantly scrutinize their custodial strategies to ensure their funds are properly managed.
Leaders of traditional companies across industries may be hearing a lot about the unique versatility and security of blockchain technology and wondering what role it could play in their own businesses. With many pundits proclaiming Web3 and decentraIization to be the future of business and financial transactions, there is likely a sense of urgency behind at least better understanding the possible benefits. Rather than striking out on its own, a traditional company might benefit from partnering with a well-matched blockchain project, whose leaders can offer expertise not only in the underlying technology, but also in the best ways to leverage it. Below, 10 members of Cointelegraph Innovation Circle discuss ways traditional companies — and their blockchain partners — could benefit from teaming up.
Pastel Network is a fully decentralized, developer-friendly layer-1 blockchain serving as the preeminent protocol standard for non-fungible tokens ("NFTs") and Web3 technology. Pastel infrastructure enables existing layer-1 blockchains, decentralized applications, or third-party enterprises to protect creators and collectors. From digital collectibles & media to documents & applications, users and developers are able to certify asset rareness and truly store data forever. Lightweight protocols delivered by interoperable open APIs such as Sense and Cascade can be easily integrated across existing networks. A wide range of Web3 applications can be built directly on the Pastel Network, enabling developers to enjoy the scalable registration features, storage processes, and security of the broader ecosystem.