Blockchain, Cryptoassets & Pensions: The Coming Investment Wave

If you’re a pension fund looking at cryptoasset investing, here’s a link to a replay of my webinar hosted by the International Centre for Pension Management (ICPM). I lay out questions for pension fiduciaries to ask about their pension fund’s preparedness and why blockchain is so buyside-friendly–it solves financial market problems that have hurt pensioners. Enjoy! […]

Two Things That Don’t Mix Well: Bitcoin Rehypothecation and Chain Forks

My latest on is here! Chain forks and rehypothecated bitcoins don’t mix well and could cause the financial system to experience losses if it has any uncovered exposure to bitcoins amid a hard fork. The simple reason they don’t mix well is that the two systems are fundamentally not compatible. But there’s also a simple […]

Is Financialization a Double-Edged Sword for Bitcoin and Cryptocurrencies?

Here’s my latest post on — the second of a 3-part series on the building rivalry between crypto capital markets and Wall Street. Liquidity arising from the good type of financialization is a big positive for cryptocurrencies, owing to exponential network effects, but liquidity arising from leverage-based financialization—which creates claims to cryptocurrencies out of thin […]

ICOs Were 45% Of IPOs In Q2 2018, As Cryptos Disrupt Investment Banks

Here’s my latest post on — the first of a 3-part series on the building rivalry between crypto capital markets and Wall Street. The ICO market was 45% of the IPO market in Q2 2018, up from 40% in Q1 2018. Institutional investors are seeing opportunities in a market that is becoming institutionally-investable. Investment […]