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Goldman Sachs Says Crypto Could Power Data Economy

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Goldman Sachs Says Crypto Could Power Data Economy | Crypto Briefing

















Goldman Sachs has published a report arguing that blockchains could become key infrastructure for the data economy.


Shutterstock cover by Felix Lipov

Key Takeaways

  • Goldman Sachs has published a report discussing crypto’s potential as an institutional asset class.
  • Researchers argued that the value of a blockchain depends on the information stored on it, claiming that Ethereum could become the number one chain in the future.
  • The report also discussed the importance of decentralization for the future of the space.

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Goldman Sachs researcher Jeff Currie believes that Ethereum could become the Amazon of Information where individuals can privately store, transfer, and sell their personal data.

Blockchain and the Data Economy

Goldman Sachs researchers are bullish on crypto’s future role in the data economy.

The banking giant recently published a report titled “Crypto: A New Asset Class” discussing the technology’s potential to become an institutional asset class. In it, the Global Head of Commodities Research Jeff Currie discussed the potential for blockchains to change the way information is handled on the Internet. In industries where trust is key, blockchain’s ability to be immutable and public while still protecting privacy gives it a significant edge over frameworks that require trust to function. Finance, law, and medicine are key areas where smart contracts can change the way information is transferred, Currie noted.

The report also said that Ethereum’s native smart contract integration could one day help it surpass Bitcoin as the world’s most valuable blockchain. Currie wrote:

“The most valuable crypto assets will be those that help verify the most critical information in the economy.”

He went onto explain that as more users bring their data to the blockchain, any privacy concerns will disappear as the number of digital profiles grows, giving examples of medical data, personal finances, asset ownership, and intellectual property rights.

The same report saw Galaxy Digital’s Mike Novogratz sharing similar views on Ethereum’s future. He said:

“The three biggest moves in the crypto ecosystem—payments, DeFi, and NFTs—are mostly being built on Ethereum, so it’s going to get priced like a network. The more people that use it, the more stuff that gets built on it, and the higher the price will ultimately go.”

The crypto market has suffered a significant downturn in recent weeks. BTC suffered its biggest monthly dip in a decade, while ETH is down over 40% from record highs. Nonetheless, Ethereum usage is on the rise. Currie discussed the network’s potential to become the equivalent of Amazon for information in the future. He said:

“A blockchain platform like Ethereum could potentially become a large market for vendors of trusted information, like Amazon is for consumer goods today.”

Goldman Sachs Turns Bullish

Goldman’s thoughts on crypto today contrast those the bank has held in the past. The institution memorably discussed crypto in a presentation in 2020, concluding that it was “not an asset class.” They argued that Bitcoin was too volatile for institutional and banks to consider it a worthy investment.


Crypto has gone through its biggest bull run ever since then, and the bank has changed its stance. It recently outlined its plans to offer Bitcoin products to wealthy clients. The latest report highlights how Bitcoin’s fast-growing global adoption is driven partly by its strong brand and some of the properties that make or break a potential store of value like privacy, security, and transferability. Its digital nature also makes it more appealing to younger generations, the researchers argued.

Goldman Sachs insists that Bitcoin’s hard-cap supply is one of the most notable asset characteristics, comparing it to Ethereum’s unlimited supply (Ethereum will soon implement a major upgrade that targets the supply issue, though it’s not due until at least July).

According to the report, the most threatening obstacle to global cryptocurrency adoption is a legal crackdown. Currie argued that blockchains will need to be truly decentralized to appease regulators. “If crypto assets are to survive and grow to their fullest potential, they need to define some concept of “sufficiently decentralized” that will satisfy regulators,” he said. “Otherwise, the technologies will soon run out of uses.”

Disclaimer: The author held BTC, ETH, and several other cryptocurrencies at the time of writing.

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Source: https://cryptobriefing.com/goldman-sachs-says-crypto-could-power-data-economy/

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Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling

She’ll still be a scary threat when the mid-to-late game rolls around.

The post Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling appeared first on Dot Esports.

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Many people know Lillia as League of Legends‘ resident Bashful Bloom in the jungle, where she has made a name for herself among pro play and solo queue play alike. However, Riot Games has detailed some changes for the champion that will pull back some power from her early game to make room for more durability and late game power.

Game designer Daniel “Maxw3ll” Emmons gave the players a general overview of some of the planned adjustments, which consisted of giving her Q ability a regeneration effect while dealing damage-over-time, while also getting more base damage, and an AP scaler.

On the other hand, the developers are looking to nerf how much movement speed Lillia gains from her Blooming Blows ability in the early portions of the game, while also increasing the cooldown on her Swirlseed. Her ability to whack people with her Q, then dance around them with her increased speed made her so annoying to deal with pre-level six. She will also be getting a nerf to her ultimate, Lilting Lullaby, but that change hasn’t been detailed just yet.

The goal for these changes is to make her more widespread towards solo queue, instead of just being a pro play focused champion. Currently, Lillia has a 42.7 percent win rate in ranks Platinum and above, according to Champion.GG, but she was one of the most played junglers in the LCS, LEC, LPL, and LCK during the 2021 Spring Split. By making her more durable, the early game clears will be a lot more forgiving for players who are as efficient with her movement speed and damage.

Lillia hasn’t seen much play during the start of the 2021 Summer Split across major regions, with junglers like Rumble, Xin Zhao, and Udyr rising up in priority again. It’ll be interesting to see if these adjustments will help her in terms of her success in solo queue as the changes settle in.

Source: https://dotesports.com/league-of-legends/news/riot-reveals-planned-changes-to-weaken-lillias-early-game-buff-durability-and-scaling

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Rocket League Championship Series X Championships begin tomorrow

Four regions, four brackets, $1 million.

The post Rocket League Championship Series X Championships begin tomorrow appeared first on Dot Esports.

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The Rocket League Championship Series (RLCS) X Championships are about to begin, with round one kicking off at 10am CT on June 15, with 16 teams competing for their share of $1 million in overall prizing.

Matches will run through June 20, with the final day featuring the European and North American finals. 

The event will take place over four different regions, EU, NA, Oceania, and South America, though Oceania and SA will only feature the two top teams from each region facing off in a single best-of-seven series. EU and NA will have six teams each, competing in a full playoff bracket. 

Here are all of the teams competing within each of the regional competitions. 

Europe

  • Team BDS
  • Team Vitality
  • Top Blokes
  • Guild Esports
  • Solary
  • Team Queso

North America

  • NRG Esports
  • Team Envy
  • Spacestation Gaming
  • Rogue
  • G2 Esports
  • FaZe Clan

Oceania

  • Ground Zero Gaming
  • Cringe Society

South America

  • True Neutral
  • FURIA

The SA and Oceania finals will run on June 19, with a special 3v3 show match scheduled to showcase some talented Japanese players acting as a break between the two. 

You can learn more about the tournament format, prizing, and the full schedule on the official Rocket League website. All of the matches will be streamed live on the main Rocket League Twitch channel.

Source: https://dotesports.com/rocket-league/news/rocket-league-championship-series-x-championships-begin-tomorrow

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Razer reveals AMD-based Blade 14 at E3 keynote

The best of both worlds.

The post Razer reveals AMD-based Blade 14 at E3 keynote appeared first on Dot Esports.

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After years of Intel-based releases, Razer unveiled its first AMD-powered laptop with the Blade 14 at E3 2021.

Razer is bringing back the Blade 14 after a lengthy three-year absence, and with it, a new partnership with AMD. The Blade 14 features an eight-core, 16-thread Ryzen 9 5900HX unlocked processor with a base clock of 3.3GHz that boosts up to 4.6GHz. AMD’s processors power some of the strongest gaming laptops on the market, like the Asus ROG Zephyrus G14 and ROG Strix series. The ROG Strix series features the HX-class processor found in the Blade 14, while the more comparable G14 features an HS-class processor.

Aside from its new partnership with AMD, Razer is implementing Nvidia’s RTX 3080 GPU and a 165Hz QHD display into the Blade 14. There are three different models of this laptop. The base version ships with the Ryzen 9 5900HX, an RTX 3060, and an FHD 144Hz display. Moving up the line, Razer offers two models with a 165Hz QHD display with the same 5900HX processor. The only difference between the two QHD models is one features the RTX 3070, and the other offers the RTX 3080.

Razer packs all of this power into an impressively slim 14-inch laptop that follows the same Blade design language fans have become accustomed to. Along with the familiar design comes a wide feature set including upgradable storage from 1TB, Chroma RGB, 16GB DDR4-3200MHz RAM, Wi-Fi 6E, Bluetooth 5.2, several USB connections, DisplayPort 1.4, and HDMI 2.1.

Each model of the Razer 14 runs $1,799, $2,199, and $2,799, respectively.

Despite its new partnership with AMD, Razer still offers its newest Intel-based Blade laptops.

The Blade 14 is available now. For more information, fans can visit the official Razer Store.

Source: https://dotesports.com/hardware/news/razer-reveals-amd-based-blade-14-at-e3-keynote

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