. It has been a decade since Bitcoin’s inception and the age-old debate still continues. An excerpt from the book Token Economy written by Shermin Voshmgir read, When is Bitcoin sidechain likely to see significant adoption and when is the issue of scalability likely to be solved?
This creates a trustless payment system, where parties participating in bitcoin transactions can be sure of the information displayed on the blockchain. The decentralised nature of blockchain technology means that Bitcoin has no central point of control, as with most traditional currencies, and is sustained by individuals in the widespread cryptocurrency community. The blockchain is a decentralised, distributed public ledger that records transactions anonymously and securely. By recording all transactions made within the cryptocurrency network, blockchain technology removes the need for a middle-person like a central bank, payment app such as PayPal, or any other central authority.
It supports various assets providing high returns in exchange for higher risk through multiple risk management and hedging techniques.read more and alternative asset investing. It attracts the best talent from colleges and provides ample growth opportunities. Since it also invests its money into alternative investments, Blackstone maintains a crisp team and a streamlined organization to pay appropriate attention to all its clients and is not into hostile takeoversHostile TakeoversA hostile takeover is a process where a company acquires another company against the will of its management.read more and bids. Bank Services: Blackstone is into real estate, private equityPrivate EquityPrivate equity (PE) refers to a financing approach where companies acquire funds from firms or accredited investors instead of stock marketsread more along with credit and hedge funds. It is one of the strongest brand names in Wall street which not only has exceptional leadership but also provides excellent exit opportunities. Strengths/Weaknesses: It has a great culture and quality of people and is the best place to start an investment banking career. Being a small organization compared to the rest of the biggies, it has to face a certain set of challenges also. It is one of the most prominent and leading names in the industry when it comes to hedge fundsHedge FundsA hedge fund is an aggressively invested portfolio made through pooling of various investors and BNB institutional investor’s fund. Blackstone was ranked 1* for the second time in a row. Office Culture: Blackstone is one of the best places to work for budding investment bankers.
Government can enhance that trust as long as it doesn’t overregulate. Trust is essential for commerce. When regulation is absent, the more that the blockchain ecosystem can self-regulate, the better the results will be.
By press time, the flagship cryptocurrency was trading at $19,800, dropping almost 2% in the last 24 hours. The latest Bitcoin addresses activity has correlated with plunging the asset’s value, which is facing a new battle not to fall further below $20,000.
Fixed assets, equity (equity investments, equity-linked savings schemes), real estate, commodities (gold, silver, bronze), cash and cash equivalents, derivatives (equity, bonds, debt), and alternative investments such as hedge funds and bitcoins are examples.read more . Private banking includes a plethora of wealth management products customized as per the clients’ requirements. Asset management, on the other hand, provides products for investment across various asset classesAsset ClassesAssets are classified into various classes based on their type, purpose, or the basis of return or markets. Investment banking includes a varied range of securities and investment banking products to corporations and institutional clients. Bank Services: Credit Suisse provides Private banking, Investment banking, and Asset Management services to its clients. Office culture: Since it is a large bank it gives a lot of opportunities for internal mobility and one has to put in a lot of hours in the organization through the pay may not be in consonance with the amount of hard work to be put in, the learning curve at Credit Suisse compensates for it. This includes using multiple financial ledgers, hiding or representing lesser income, gains, or Binance profits than actually earned, overstating deductions, & failing to file returns.read more . Credit Suisse’s image got a bit tarnished in the year 2014 when it pleads guilty for aiding its client in tax evasionTax EvasionTax Evasion is an illegal act in which the taxpayers deliberately misreport their financial affairs to reduce or evade the actual tax liability. Strengths/weaknesses: It is said that Credit Suisse has a better pay structure than most of its counterparts and is one of the renowned names in the European banks.
That being said, many industry commentators have speculated that 2020 would be the year for Liquid sidechains, developed by blockchain technology firm Blockstream. In fact, just recently, Dubai-based cryptocurrency platform BTSE expressed its intention to use the Liquid Network Bitcoin sidechain created by Blockstream to raise $50 million.