/biz/ - Business & Finance

>A major reason for the baby steps so far is regulations. Big banks are handicapped by regulatory roadblocks, which may be eased in the future. If that happens, traditional banks will find it easier to hold crypto tokens directly and integrate their financial plumbing with that in the crypto world. Last week, a group of lawmakers introduced a proposal to repeal SAB121, an accounting guideline by the Securities and Exchange Commission that so far has discouraged banks from acting as a custodian of digital assets.

>While big banks are trying to keep their blockchain ambitions real, their goals are more about improving internal efficiency. For now, they’re unlikely to have much impact on the broader crypto industry. That begs the question of whether blockchain technology really is as transformative as crypto fans proclaim, at least in Wall Street’s hands.

>This comes after the Hong Kong Monetary Authority dropped Chainlink as a partner

>>57524802

>>57528716
>improving internal efficiency
in the systems that process and settle quadrillions of dollars of derivatives trades a year. it's over for Chainlink

>>57528705
Nice. Fuck Chainlink.

>>57528705
Kek is it really happening?
Is Sergey actually pulling strings?

>>57528771
String cheese, maybe

destroy chainlink :}
annihilate chainlink :}
obliterate chainlink :}

Soon we'll be livin' it up.

>>57528705
>Chinks don't want to use a US dominant/run settlement system.
Much surprise

>>57528705
>>57528716
so let me get this straight
>banks will adapt private block chains (which we new and speculated for years) and not some well known bullshit crypto L2
>banks will have to use intercross abilities for their private chains for internal efficiency

yeah sounds like zero link adaption ladies and gentlemen
this also sounds like nothing we ever heard and discussed on this board
also absolutely bearish for link no doubt
kek fuddies

>>57529987
But how much money do interbank settlement institutions even have? Like how much?

> we post one of the most bullish things for link and declare it bearish
the absolute state of kek buddies lately
the insanity seems real at this point

>>57530006
All banks do is send money to each other, right?

>>57530033
KEK BUDDIES
CHECKED BUDDIES
FUNNY LITTLE FUDDIES WITH A TUMMY FOR RUBBIES
KEK BUDDIES
KEK BUDDIES
FUNNY LITTLE FUDDIES WITH A TUMMY FOR RUBBIES

>>57530119
> typo
Shit Anon, you found my typo. I will never recover

>>57530033
Checked. What is coming is inevitable.

>>57530033
checked and kek buddies

>>57530033
cope stinkie :}
bloomberg just said chainlink isn't needed :}
it also said you're a loser who lives in your mother's basement btw :}

>>57528725
>>57528705
Lol, you want it to be true so bad, but all the pieces point to some interoperability protocol connecting the thousands of private chains that will be popping up as a result of regulations allowing banks to begin truly participating in crypto. I seem to remember someone saying something exactly along these lines not too long ago. Someone at SIBOS, maybe? You know, that massive convention for all the SWIFT banks? Has SWIFT been dabbling in crypto too? I forget

>>57532020
Really? Because ctrl+f chainlink yielded 0 results for me.

>>57528705
It's over...
SWIFT is obsolete and being replaced by BRICS.
The West is morally corrupt and financially bankrupt.
Big banks will never use blockchain.
Big banks will use blockchain but they will just fork existing open-source code.
China is the new superpower and will only use CCP approved technology.
Crypto is a scam and soon the SEC will outlaw LINK for being a ponzi security.
Quantum computing will soon leak all your private keys.
CCIP is vaporware and will never release on mainnet.
Sergey is persona non grata in Hong Kong after he farted in the prime minister's meeting room.
They will have half the supply left to dump on the open markets to hire more HR roasties.
Band oracles are now the superior oracle.
Chainlink is out of the top ten and literally dumping right now, target: $0.00

>>57528725
kek

>>57528705
thanks op I somehow hadn't seen this

>>57530033
The kekfuddies and the advogeckos have been one and the same the whole time. All fudsters are actually shills until proven otherwise.

>>57530033
KEK BUDDIES LIGHTWEIGHT BABY

>>57528705
>Bloomberg
Come on