Bitcoin will significantly outperform in the next 12 to 18 months / Coinbase’s attempt to suppress the SEC[10 carefully selected books to read on the weekend]| CoinDesk JAPAN

The consistency of these cycles is not a product of chance. It’s a product of larger, more powerful macro trends, and it’s at the very heart of Bitcoin’s value proposition.

Bitcoin is not an “inflation hedge” as many believe. Bitcoin is not a hedge against the Consumer Price Index (CPI). It is a hedge against a decline in currency value.

— Carefully selected what you want to read over the weekend from columns, analysis articles, interviews, etc. published this week.

Bitcoin and crypto market predictability – significantly outperforming over the next 12-18 months

The crypto asset (virtual currency) market may seem like an alien world to many people, as price movements are difficult to grasp.

But like traditional markets, crypto assets have their own cycles, and price cycles are surprisingly consistent, including the timing of economic peaks and troughs, price recoveries, and subsequent rises to new cycle highs. are doing. …read more

Coinbase’s attempt to rein in the SEC’s efforts to rein in the industry

Should regulators decide the rules they enforce? Federal regulators, such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), enforce laws based on executive authority, generally adhere to laws written by legislators, and are subject to legal challenges through the court system. It would be reasonable to give them some degree of autonomy, as long as it is restrained. …read more

A battle between the SEC and crypto assets: How do New Yorkers view the battle between the SEC and crypto assets?

Is the U.S. Securities and Exchange Commission’s (SEC) ongoing war of attrition against the crypto-assets (virtual currency) industry an effective use of tax dollars? The industry has been calling for regulatory intervention for years.

SEC Chairman Gary Gensler and Gurbir Grewal, head of the SEC’s Division of Enforcement, have consistently maintained that the SEC’s lawsuit is justified. …read more

Sam Altman: The World Sam Created[Most Influential People 2023]

Let me first say what is obvious. The drama surrounding Sam Altman has made even the wildest price movements of crypto assets seem bland and boring.

I was fired! Came back! I’m fired! I changed jobs to Microsoft! Came back! Over the course of 96 hours, Altman’s fortunes appeared to have changed more times than Bitcoin (BTC) had soared and crashed. …read more

Coinbase CEO Armstrong: The last big man to survive in the industry[Most Influential Person 2023]

In the crypto asset (virtual currency) industry, big name founders and CEOs come and go. But is Brian Armstrong forever?

It’s a question worth asking now that the 40-year-old head of Coinbase has been in the business for more than a decade. During that time, he saw most of his business partners and competitors leave and built the most important exchange serving American crypto traders. …read more

Crypto asset regulations learned from Japan, Singapore, and Hong Kong: “Friendly” does not mean “easy”

A key theme for 2023 is that Asia continues to emerge as a crucial region for crypto assets.

This is largely due to the re-emergence of well-known digital asset hubs like Singapore, as well as Hong Kong and Japan. While these regions certainly welcome digital assets, their language can sometimes be misleading.

Places commonly referred to as “crypto friendly” and “crypto parent” actually have some of the strictest rules in the world. “Crypto asset friendly” does not mean “crypto asset easy”. …read more

Lufthansa, Nike…Blockchain will transform loyalty programs

Why are the biggest brands and most successful entrepreneurs looking to reinvent their loyalty programs with blockchain?

Loyalty plans such as purchase rewards have existed since the 1790s, but American Airlines is said to have launched the modern loyalty program in 1981 with the introduction of its AAdvantage frequent flyer program. …read more

Asia will lead the next bull market

We are at the beginning of the next bull market. If history is any guide, a cycle like this can be triggered by multiple events, including the Bitcoin halving, changes in macroeconomic conditions surrounding the US election and Federal Reserve interest rates, and the emergence of Web3 and DeFi innovations. Driven by factors. …read more

Growth exceeding expectations in 3 years, aiming for real estate ST of 2.5 trillion yen in 2030[Digital Securities Forum 2023 Event Report, Part 1]

This year’s third Digital Securities Forum was held on December 13th at KABUTO ONE Hall in Kabutocho, Tokyo. The event was co-sponsored by Nihon Keizai Shimbun and N.Avenue, which operates CoinDesk JAPAN.

When the first event was held in December 2021, the subtitle was “A new method of fundraising: the emergence of security tokens,” but this time it was “The dawn of a new chapter in the security token market”. In the three years since the first security token was issued in 2021, the amount issued has more than doubled every year. …read more

A 10 billion yen deal appears in real estate ST and corporate bond ST – entering a new phase with secondary market and asset expansion[Digital Securities Forum 2023 Event Report, Part 2]

The first panel discussion, which followed the speeches by Mr. Saito of Progmat and Mr. Nakao of Kenedix, was entitled “What is ST’s growth strategy in 2024? From asset expansion to the emergence of the secondary market.” Mr. Saito of Progmat, Mr. Atsushi Itaya, Managing Executive Officer of Daiwa Securities Group Headquarters and Daiwa Securities, and Mr. Hijio Amane, Representative Director and President of Osaka Digital Exchange, took the stage.

The second panel discussion, “The current location of real estate STs that drive the ST market and the future outlook for STs,” included Daisuke Miyajima, President and Representative Director of Kenedix, Tomohisa Murakami, Nomura Securities Executive Officer in charge of Investment Banking Products, BOOSTRY CEO Toshinori Sasaki took the stage. …read more