The digital asset ecosystem is broader and deeper than in the past, Tapiero said, and assets have lower correlations to bitcoin itself. Despite asserting that “I’m not hearing anyone say that Bitcoin is going to zero,” he said the existence of uncorrelated digital assets gives institutions the opportunity to expand beyond bitcoin, such as investing in discounted altcoins and tokens. Source
Michael Sonnenshein still sees crypto industry in its “early days.” Source
“When you take all these top brands creating case studies and proof of concepts and exploring the space, that creates another entry point for someone who’s in another part of the world operating the culture in a different way,” said Gilliam. “The leaders that we have in the space right now, whether it’s an NFT project or a [decentralized application], they’re solving problems for a specific group of people.” Source BrandBuildersCultureDeadLeadersNFTWeb3 CryptoX Portal
The values of Web3 are generally understood to be the promotion of decentralization, transparency and self-sovereignty. But those values won’t be the only driver of the mass adoption of the internet’s next iteration, according to Mathieu: The movement must also adopt a business model that responds to the needs of the next generation of internet users. Citing the landmark release of the iPod, which put 1,000 songs in your pocket, Mathieu alluded to Web3 still needing its killer app. Source
The wallet will enable trading of tokenized real-world assets such as gold or real estate, said Steinberg. And he sees this as a huge advantage to holders of illiquid assets: “We thought through tokenization and blockchain-enabled finance that you could add functionality … When you put tokenized, physically backed gold with peer-to-peer exchange and payments, gold now becomes currency, like it was hundreds of years ago.” Source
Under Giancarlo’s watch as chairman, the U.S. Commodity Futures Trading Commission in 2017 approved regulated futures contracts tied to bitcoin (BTC), and, to this day, they remain the only fully regulated crypto product traded in the U.S., he said during a speech Wednesday at CoinDesk’s Consensus 2023 event. Source
Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Bitcoin.com News brought to light the decrease in Bitcoin’s global hashrate over the past 24 hours, currently hovering just above the 300 exahash per second (EH/s) range. Meanwhile, block intervals have slowed down and surpassed the average ten-minute mark, with…
Just like how big corporations were initially uncomfortable with cloud computing, but it’s now normalized for institutions as cautious as the Central Intelligence Agency, real-world assets will be eventually tokenized on private blockchains, then permissioned chains, and finally public chains, said Securitize’s CEO Carlos Domingo on stage. Source
The CoinDesk Market Index (CMI), which tracks the performance of the broader crypto market, plummeted 5.6% in an hour. Original
In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. Not crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor. Sadly, Marshall betrayed the populist principles he ran on as a candidate. The bill also betrayed the civil liberties and privacy tenets of progressivism that Warren espouses. Warren and Marshall are planning to reignite that debate on Capitol Hill this summer and have enlisted law enforcement advocates…