You might not know it, but Canada is quietly becoming a major player in the blockchain and cryptocurrency scene: Ethereum has strong Canadian roots, with Toronto-based 3iQ launching the first bitcoin exchange-traded fund (ETF) (BTC) with physical settlement in the north. launched. The percentage of active cryptocurrency holders in the US and the country has grown steadily over the past two years.
Against this backdrop, I had the pleasure of attending this year’s Blockchain Futurist Conference in Toronto, where I was able to moderate two panels on rebuilding the financial system via Web3 and turning on the next wave of crypto users. . The event serves as another reminder that the brightest minds in the industry continue to create amazing products despite the current market conditions. I don’t want to get too rough, but it’s hard to be bearish on digital assets if you take a short time preference.
DeFi needs a ‘killer app’ to move to the next level, says Ripple exec
decentralized finance[डीएफआई]You can’t have a proper conversation about the future of digital assets without talking about them. One of Futurist’s most evocative panels, titled “The Future of Decentralized Finance”, included the director of DeFi Markets at Ripple Labs, the founder of Taylor Finance, and executives from Aventus Ventures and FLUIDEFI. According to Ripple Labs’ Boris Allergent, institutional adoption of DeFi is the next step, but not before the industry creates the next “killer app” that really sparks interest.
Wealth Managers and Venture Capital Firms Are Helping Institutional Adoption of Crypto-Wave Financial Executives
The cryptocurrency bear market has created a lot of fear among retail investors. But for institutions and hedge funds, adoption has increased. At Futurist, I had the opportunity to interview two executives from asset management firm Wave Financial, who explained how high net worth individuals and institutional investors are increasing their exposure to digital assets. During the last bear market, institutions thought: Is this the end of cryptocurrencies? Now this question seems to revolve more: Is this the right time to enter?
Coinbase Lost $1.1 Billion in Q2 Over Cryptocurrency’s “Fast & Furious” Crash
We all know that the cryptocurrency exchange business has been affected by the bear market in the second quarter. It turns out that major cryptocurrency exchange Coinbase performed worse than expected. The company reported a massive $1.1 billion loss between April and June, easily its worst quarter since going public in 2021. Revenue in the quarter was also down 45.1% and 153.1% over the previous year. Although the cryptocurrency price has corrected marginally over the past month, retail interest and trading volume remain low. This means there could be more pain in store for Coinbase in the near term.
Hut 8 Lays BTC “HODL Strategy” in July Amidst Miner Dedication
Some of the world’s biggest bitcoin miners are selling their bags to finance operations during a bear market – but not Hut 8. The Canadian mining company, which is publicly traded on the Nasdaq and Toronto stock exchanges, placed its diamonds in July. His bitcoin reserves increased to 7,736 BTC. Hut8 maintains an active “HODL” strategy of depositing all self-mined BTC into escrow. The firm’s determination is really impressive considering how quickly and how quickly the price of bitcoin has fallen.
do not miss it! Is your Solana safe?
Solana was the target of another coordinated attack this month, when hackers stole nearly $8 million in cryptocurrency from the Slope ecosystem wallet. Probably due to its ambitious design and safety trading for high performance, the Solana has been the target of many adventures over the past year. This brings us to the important question: is your Solana (SOL) really that secure? In this week’s Market Report, analysts Marcel Pechman, Yashu Gola and Benton Yeon discuss whether SOL investors should be legitimately concerned. You can watch the full replay below.
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