Tag: Obstacles

ETF obstacles and legal hurdles

Recent events in the financial and crypto markets have revealed their interconnectedness. Bitcoin (BTC) is a dominant player in the market, often viewed as digital gold, while Ethereum (ETH) is a decentralized, open-source blockchain that supports smart contract functionality. In recent months, there has been significant price adjustments due to macroeconomic concerns. Subsequently, this has exposed the vulnerabilities of assets, including those of major cryptocurrencies, amidst global economic upheavals. However, analysts and experts link the recent price contraction to traders attempting to profit from the hype surrounding exchange-traded funds (ETFs).…

10 obstacles to cross-chain interoperability (and how they can be overcome)

Even crypto industry outsiders are gaining clarity on the benefits of blockchain technology, which is a significant step forward for the ecosystem. However, a challenge remains: The industry still struggles with interoperability between blockchain networks.  Unless different chains can safely and efficiently communicate and exchange data, the full power of blockchain — including true decentralization, new use cases, lower costs and, ultimately, further innovation — can’t be achieved. Here, 10 members of Cointelegraph Innovation Circle discuss some of the challenges still standing in the way of achieving cross-chain interoperability and…

China’s international blockchain push may face Huawei-like obstacles

China’s Blockchain-based Service Network (BSN), a state-backed consortium tasked to build a domestic digital infrastructure, wants to go international but some experts said BSN’s links to Beijing could be a challenge overseas amid concerns about data security and privacy. BSN describes itself in a user manual for potential clients as a worldwide infrastructure network that provides a one-stop-shop for blockchain and distributed ledger technology and decentralized applications (DApps).  BSN, which doesn’t build blockchains itself, does offer programming, software development and other services, according to the manual. It has said it…

Latinx communities continue to rise above Bitcoin adoption obstacles

Digital assets have recently become more and more prevalent in our daily lives — in the news, popular culture and our personal interactions. In the first quarter of 2021, the number of global daily Bitcoin (BTC) transactions hit 367,536. Bitcoin alone now accounts for around $20 billion of daily online transactions. Not only this, but those who are familiar with digital assets and cryptocurrencies trust them implicitly — Binance’s “Global Crypto User Index” for 2021 shows a 97% confidence in cryptocurrencies. Proportionally, members of Latinx communities in the United States…

Weekly Recap: Bitcoin and Ethereum Growth Stopped by Major Obstacles

boss

Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. Both Bitcoin and Ethereum have had a very volatile week, with their charts being nearly identical. Both coins have seen considerable growth early on in the week, although they then encountered strong resistances that have kept them down ever since, stuck in an endless loop of corrections and recoveries. Fundamental Analysis: Is the Biden Administration Warming Up to Crypto? The first week of March has started…

Bitcoin Price Rebounds but CME Gap & $10.3K Remain Big Obstacles

boss

Compared to the price action of the previous two weeks, this weekend has been relatively relaxed for Bitcoin (BTC) traders. On Saturday the price came within $10 of $10,000 before pulling back to $9,794 and at the time of writing the price continues to meet resistance at $9,900. Crypto market daily price chart. Source: Coin360 On the 6-hour timeframe, the volume profile visible range (VPVR) shows the price rejecting at the high volume node at $9,883 but at the same time, we can see that purchasing volume is beginning to…

Single Global Currency Like BTC Faces Insurmountable Obstacles, Argues Payments Firm CEO

boss

Scott Galit, CEO of New York-headquartered payments processing firm Payoneer, says a single global, non-fiat currency such as Bitcoin (BTC) is unrealistic. Galit made his remarks during an interview with CNBC published on Dec. 28. Payoneer is a financial services company that provides cross-border money digital payment support for businesses and professionals across 200 countries, and was named CNBC’s thirteenth most disruptive company of 2018. Galit built his argument against frictionless commerce, money and avoiding fiat currencies becoming a reality on two main points — the opposition of national governments…

Deloitte Outlines Five Major Obstacles to Blockchain’s Mainstream Adoption

boss

“Big Four” audit and consulting firm Deloitte has outlined five basic areas of development for blockchain technology in order achieve widespread adoption, according to a study published September 28. According to Deloitte, in order to be adopted by enterprises on a mass scale, blockchain technology should overcome five major obstacles – the possibility of time-consuming operations, lack of standardization, high costs and complexity blockchain applications, regulatory uncertainty, as well as the absence of collaboration between blockchain-related firms. Identifying the area that needs the most development, Deloitte singled out the problem…