The following is a guest post from Olivier Acuna. Two leading tech firms co-authored an Industrial IoT Consortium (IIC) article introducing the machine economy, a new IoT digital transformation frontier that, according to PwC, will contribute to 70% of the global Gross Domestic Product (GDP) in the next seven years. In a convergence of artificial…
The crypto industry has seen tremendous growth in the past few years. It took less than four years for cryptocurrencies and blockchain technology to go from a niche industry to a global powerhouse able to move markets and shape regulation. It’s safe to say that the opportunities that arose from this growth changed the world,…
At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was going on in the NFT industry. The massive influx of collections, new marketplaces, and easy money in the space created the perfect mix of incentives for fraudulent activity. As we know, I published an…
When investors put money on an exchange, they shouldn’t have to worry if it’ll vanish tomorrow. Their only worry should be the price of their Bitcoin, Ethereum or other cryptocurrency investments. As much as we don’t want overregulation, the crypto industry needs a transparent framework. More Crypto Companies Could Go Bankrupt In FTX’s Wake FTX…
The UK’s financial regulator, the Financial Conduct Authority (FCA), has been continuously facing criticism from British lawmakers and the crypto industry members for their stand on strict regulations and, therefore, seemingly a utopian desire to become a crypto hub in the next few years. For instance, one major claim against FCA entails the slow approval…
As with any narrative, the Web3 narrative serves certain stakeholders and is in turn, fueled by them to serve their interests. On one side, it is the venture capitalists facile exhortation at a euphemism for the term that K Street does not favor (“crypto”); on another side it is a half-hearted attempt by the hoi…
After the spectacular collapse of the U.S. cryptocurrency exchange FTX, investor confidence in the cryptocurrency ecosystem is very low. Hence, the ongoing media reports and social media rumors about higher-than-usual outflows from the world’s largest crypto exchange Binance are raising alarm bells among crypto investors and the wider investing community. Binance’s controversial proof of reserves…
Trading volume on decentralized exchanges (DEXs) hit $32 billion within seven days in mid-November, recording another high since early June this year. This came after an explosive, tumultuous week in the crypto industry, which drove many investors — both seasoned and new alike — to take refuge in self-custodial, permissionless and decentralized trading platforms. A…
Did Sam Bankman-Fried knowingly commingle funds? We shouldn’t need to care. If crypto is to reach its full potential, the industry cannot rely on entities like FTX and other centralized exchanges. There should be no need for centralized institutions once a better implementation of blockchain technology has been unleashed into the wild. Users should be…
Millions of cryptocurrency traders who previously used FTX are left wondering if they’ll ever receive their funds after the exchange collapsed and subsequently filed for Chapter 11 bankruptcy. It could take years for the digital asset industry to recover. So is it all doom and gloom? Or is there some kind of positive takeaway behind…