Don’t worry, your crypto won’t go anywhere during the FTX collapse

The collapse of FTX has caused Brazilian retail and institutional sentiment toward crypto to decline, but this will not affect everyday citizens – who will still use crypto for cross-border transactions.

-The collapse of FTX has removed a “big liquidity source” from the market, and this has caused a “big outflow of funds” from exchanges in Brazil.

– Uncertainty surrounding centralized crypto exchanges has caused a “big outflow of funds” from exchanges in Brazil.

– Brazilian crypto laws have not been applicable to some players, and this has led to them doing whatever they want.

pexels photo 6781340 Don't worry, your crypto won't go anywhere during the FTX collapse

Project Ubin: Singapore’s Quest to Launch a Blockchain-Based National Currency

– Blockchain is a digital database that employs cryptographically linked networks of peer-to-peer nodes
– It is a technology that makes it possible to distribute and record digital information, but not to alter it
– Asia is currently the third largest cryptocurrency market in our index this year, receiving $932 billion in value from July 2021 to June 2022
– Southeast Asian governments have supported this nascent technology, with countries like China, Japan, South Korea, Indonesia, Vietnam, Thailand and Singapore starting or developing their own central cryptocurrency
– Singapore, for instance, launched Project Ubin, a five-year project of practical experimentation on blockchain technology with the industry and understanding how it could be applied to payments and settlements.

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Lido crypto shines amid market struggles

Lido Finance has been a bright spot amidst the chaos of the crypto market, earning $1 million or more in fees daily since October 26th
-Lido’s fees and revenue increase in tandem with Ethereum PoS earnings, as Lido sends received Ether to the staking protocol
-Lido’s market cap does not match its on-chain fundamentals, with fees, deposits, and revenue increasing but the market cap decreasing from $1.2 billion to $663.7 million during the same period

pexels photo 844125 Lido crypto shines amid market struggles

Investors need to rethink how they hold assets after FTX collapse, Blockchain.com CEO says

– The FTX collapse is a tragedy and total failure of governance
– This will accelerate a trend back towards regulated crypto institutions as well as a shift back towards individuals holding crypto assets on their own private keys
– The overall crypto and blockchain economies, and companies like Smith’s that rely on private funding, should not face major barriers in receiving money from investors
– Armstrong told CNBC on Thursday afternoon the relatively small number of job cuts were related to the overall market conditions and need to manage costs and cash as a public company.

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Crypto and Blockchain: A Look Back and Ahead

– The crypto and blockchain industry has experienced a number of changes in the past year, with prices of digital currencies falling and several centralized exchanges seeking insolvency/bankruptcy protection.

– However, there have been positive developments in the industry, with Ethereum’s historic technical shift from “Proof of Work” to “Proof of Stake” and some of the world’s largest asset managers, investment banks and payments giants investing in blockchain.

– The Bank of Canada is launching regulation for digital retail payments and the Canadian federal government is launching a digital currency consultation.

– There is clear interest in the industry, with investors looking at the evolution of blockchain similarly to the internet’s growth and dot com era.

pexels photo 730564 2 Crypto and Blockchain: A Look Back and Ahead

Innovation Showdown: Who Will Win, Crypto or Industry 4.0?

Digital industrial innovation is seen as the poor, unglamorous cousin of pure digital innovation.
-It arrived late to the party and its applications were developed on factory floors, in what was looked down upon as old economy.
-However, digital industrial innovation has kept making solid advances.
-Crypto cannot deliver any of this, and the Metaverse can only offer us an escape if reality turns too depressing.

0x0 6 Innovation Showdown: Who Will Win, Crypto or Industry 4.0?

Crypto made simple for everyone

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