Finance
New Findings by Decentralized Masters Highlight DeFi's Disruption
Decentralized Masters’ latest review reveals DeFi’s transformative impact on the financial landscape and its potential to disrupt traditional banking.
Dubai, United Arab Emirates–(Newsfile Corp. – September 23, 2024) – Decentralized Masters, a leading DeFi educational platform, recently delved into the world of decentralized finance, providing an in-depth review of the current banking system and DeFi’s place in the financial landscape.
New Findings by Decentralized Masters Highlight DeFi’s Disruption
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The findings by Decentralized Masters reveal that an evolution of conventional finance is underway. With public sentiment towards traditional finance approaching a tipping point, and the recent Bitcoin and Ethereum ETF approvals by the SEC, decentralized finance is taking center stage as a promising alternative to the traditional financial system. But despite being touted as the greatest wave of innovation ever seen in finance, there are lingering questions and concerns in investors’ minds regarding the security and effectiveness of DeFi.
Tan Gera, CFA, and Salim Elhila, the founders of Decentralized Masters, say that all indicators point to DeFi’s disruption being the future of finance. The founders stated that their findings paint a picture of a potential financial revolution rooted in the promise of security and transparency already taking shape.
With their extensive experience in the financial landscape and in-depth exploration of decentralized finance through Decentralized Masters, Tan and Salim reveal that the positive impact of DeFi is setting up a possible investment surge. Their findings uncovered significant disruptions led by DeFi and emerging shifts in traditional banking. But, even with the two playing off each other to transform the financial landscape, Tan and Salim explained that the financial revolution also relies on underlying infrastructure. Decentralized Masters review shows that the key to maximizing DeFi’s capabilities is a foundation. And, with DeFi moving out of the hype phase and into financial disruption, it is aiming to be a worthy contender for traditional systems.
“With the current financial systems built around high fees, lack of transparency and the need for intermediaries, DeFi’s promise of better security, transparency and efficiency stands out,” said Tan. “DeFi gives users control, empowering them to become their own banks and avoid the pitfalls of traditional banking.”
Salim added, “DeFi doesn’t just improve upon traditional systems, it is offering a new financial blueprint defined by security, efficiency and globalized financial inclusion.”
Decentralized Masters’ review of DeFi’s impact on conventional banking systems also revealed that DeFi is increasingly becoming recognized as the more secure and transparent choice. Salim explained that there is a growing shift in expectations for financial institutions. From the report, it is evident that the centralized nature of traditional banking is often associated with limitations and risks, whereas DeFi is considered the possible solution to these risks and limitations. “With DeFi, no single entity can exert control over the system,” he noted. “This minimizes the risk of investors falling victim to scams and enhances security by removing single points of failure that hackers could target. This is why decentralized finance has become such an appealing alternative.”
Decentralized Masters reveals that investors who correctly leverage the innovative technology that underpins the industry to invest in the DeFi markets have the potential to become their own bank. With opportunities such as liquidity provision in the DeFi space, the world of finance is undergoing significant alterations.
“We are seeing a divergence between DeFi’s uptake and trust in traditional banking systems,” Tan highlighted. “DeFi’s explosive expansion has put this new financial ecosystem ahead of the pack.”
Decentralized Masters shared that even though decentralized finance is commanding a lot of attention in the financial landscape right now, there is a lot of ground to cover with investors. Despite presenting investors with more control over their financial assets and closing gaps in financial inclusion, investors need a more guided navigation of this new terrain. Through Decentralized Masters, Tan and Salim offer investors an accelerated roadmap to mastering DeFi.
Visit Decentralized Masters to learn more about DeFi and acquire the necessary knowledge, systems, and tools to maximize potential in the DeFi markets.
About Decentralized Masters:
Decentralized Masters is the leading DeFi Educational platform that combines elite education with a thriving community of industry-leading analysts and experts in the DeFi space.
Contact Info:
Name: Tan Gera
Email: support@decentralizedmasters.com
Organization: Decentralized Masters
Website: https://decen-masters.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224192
Finance
Stock market today: Dow hits fresh record, stocks close out strong week as inflation cools
Stocks traded mixed on Friday but closed the week on a high as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest rate cuts.
The Dow Jones Industrial Average (^DJI) gained 0.3% and finished with a fresh record. The S&P 500 (^GSPC) lost 0.1%, but is coming off a record-high close from the prior session. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) sank about 0.4%.
Despite the mixed trading on Friday, the stock gauges all recorded wins for the week after confidence in the economy returned to the market. The Dow and the S&P added about 0.7%, while the Nasdaq rose 1%.
A solid GDP reading, combined with continued cooling in inflation, has cemented growing conviction that the Fed can nail a “soft landing” as it embarks on a rate-cutting campaign.
The August reading of the Personal Consumption Expenditures (PCE) index, the inflation metric favored by the Fed, showed continued cooling in price pressures. The “core” PCE index, which is most closely watched by policymakers, rose 0.1% month over month, lower than Wall Street forecasts.
The PCE reading appeared to goose up bets on another jumbo-sized rate cut from the Fed next month. More than half of traders — around 52% — now expect a 50 basis point cut.
Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards
Elsewhere, China added to its stream of stimulus measures, boosting markets once again. Mainland stocks scored their biggest weekly win since 2008, and luxury stocks are set for their best week in years as hopes for Chinese demand rise. Meanwhile, shares of Alibaba (BABA, 9988.HK), JD.com (JD, 9618.HK), and Meituan (3690.HK, MPNGY) surged amid the buying spree.
Live13 updates
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Zuckerberg faces deposition in AI copyright lawsuit from Sarah Silverman and other authors
One of the most important debates sparked over the sudden rise of generative AI tools is whether the process of training large language models using existing artistic works is a new form of copyright infringement.
An array of authors, media outlets and other creative professionals have sued to stop AI companies from using their content on the internet, arguing that their works are being used without compensation in order to advance a new technology and market opportunities.
Meta CEO Mark Zuckerberg will soon play a direct role in one of the most important lawsuits tackling this subject. Earlier this week a US District Court judge overseeing a suit brought by authors including Sarah Silverman and Ta-Nehisi Coates rejected Meta’s bid to prevent the deposition of Zuckerberg, the Associated Press reported Friday.
Meta had tried to block Zuckerberg’s deposition by arguing that he does not have unique knowledge of the company’s AI operations and other Meta employees could provide the same information. Zuckerberg’s participation will likely draw even more attention to the legal matter, similar to his high-profile appearances on Capitol Hill during Congressional hearings on the role of social media in society.
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Finance
Investors eye PCE, Costco shares under pressure: Yahoo Finance
Wall Street is digesting this morning’s release of the latest Personal Consumption Expenditures (PCE) data, the Federal Reserve’s preferred measure of inflation. Meanwhile, Costco (COST) shares are under pressure following the wholesale retail giant’s latest quarterly results. Despite recent increases in membership fees, the company fell short of sales expectations. Yahoo Finance’s trending tickers include BlackBerry Limited (BB), SuperMicro Computer (SMCI), and Coinbase (COIN).
Key guests include:
9:05 a.m. ET : Tiffany Wilding, PIMCO Managing Director and Economist
9:30 a.m. ET Angelo Kourkafas, Edward Jones Senior Investment Strategist
10:15 a.m. ET Rich Lesser, BCG Global Chair
10:45 a.m. ET Stuart Kaiser, Citi Head of U.S. Equity Trading Strategy
11:30 a.m. ET Ed Hallen, Klaviyo Chief Product Officer & Co-Founder
Finance
Biodiversity still a low consideration in international finance: Report
Biodiversity-related projects have seen an increase in international funding in recent years, but remain a low priority compared to other development initiatives, according to a new report from the Organisation for Economic Co-operation and Development (OECD).
The report found total official development finance (ODF) for such projects grew from $7.3 billion in 2015 to $15.4 billion in 2022. That’s still less than what the nearly 200 governments that signed the Kunming-Montreal Global Biodiversity Framework (GBF) in December 2022 agreed would be needed to halt biodiversity loss: at least $20 billion annually by 2025, and $30 billion annually by 2030.
Government funding made up the bulk of the ODF for biodiversity-related projects in the OECD report, which is welcome news, Campaign for Nature (CfN), a U.S.-based advocacy group, said in a statement.
“We welcome the increase in international biodiversity finance reported in 2022 but that good news is tempered by a range of concerns,” Mark Opel, finance lead at CfN, told Mongabay.
One concern, CfN notes, is that funding specifically for biodiversity as a principal objective declined from $4.6 billion in 2015 to $3.8 billion in 2022. CfN reviewed hundreds of projects from 2022, which formed the source for the OECD’s report, and found that many either had vague descriptions or focused on other policies like agriculture but were counted toward protecting or restoring nature.
“We need to see more emphasis on funding with a primary focus on biodiversity,” Opel said. “So-called ‘principal’ funding that has biodiversity as its primary goal continues to be down since its 2015 peak. Increases in this type of funding are essential to meet the goals of the GBF … These goals cannot be met through funding with biodiversity as only a ‘significant’ goal that mainstreams biodiversity into projects with other primary goals like humanitarian aid or agriculture.”
The report also found that funding for biodiversity-related activities represent just 2-7% of the total ODF portfolio.
“It is concerning that biodiversity considerations still represent a relatively low share of the total official development assistance,” Markus Knigge, executive director of Germany-based nonprofit foundation Blue Action Fund, told Mongabay. He added it was also problematic that most funding came via loans, which have to be repaid, rather than grants, which are often more appropriate for conservation finance.
CfN says grants are preferable to loans because they don’t add to the debt burden of low-income recipient countries.
At the same time, development funding from major donors such as Germany, France, EU institutions, the U.S. and Japan have been cut in recent years.
“We have seen minimal announcements of new international biodiversity finance since [the GBF signing],” Opel said. “We estimate that only the equivalent of $162 million annually has been pledged since [then], which doesn’t come close to filling the $4.6 billion gap between the $15.4 billion in 2022 and the $20 billion commitment in 2025.”
Banner image: Javan lutung by Rhett A. Butler/Mongabay.
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