But during the most recent explosive period of growth in the blockchain industry, adoption and popularity of the technology increased in parallel. With so many newcomers, it’s no surprise to see such widespread disappointment in the community. Not only is this the first bear market for many, but it is also their first experience in the financial world. After all, the largest ownership demographic is the 25-34 age range. 

Cyrus Taghehcian started building in blockchain back in 2016 while searching for solutions to problems in legacy finance. Since then, he founded SHOPX.co, an e-commerce infrastructure project powered by blockchain technology and NFTs. I interviewed Cyrus today to get an expert’s opinion on recent events. Hopefully, his experience will help calm some of the uncertainty in this difficult time. 

Grit Daily: What do you think caused this most recent crash and bear market?

Cyrus Taghehcian: The crypto bull run is officially over. It has been over since November, confirmed in May. Here we are in July and most of the disbelief is starting to dissipate. You could say that the crypto market is irrational. You could definitely say it was over-leveraged. The reasons behind the bitcoin bull cycles in the past have always been irrational to me. The slashing of the bitcoin mining rewards in half every 210,000 transaction blocks has been causing crypto to bubble about every 4 years since its inception in 2009. 

GD: What does the bear market mean for crypto and the economy at large?

Cyrus Taghehcian: Well, there’s good news. Real money is made in bear markets. The true builders are still here looking for funding. The scammers and noise have died down. There are distressed assets everywhere ripe for the taking. This crypto bear cycle will be like none other we have experienced before. In the US, we haven’t had a recession in 14 years. Those that study economics/history/money policy know that we are long overdue for a proper recession. 

GD: What is the benefit of sitting on the sidelines while prices are so low?

Cyrus Taghehcian: In the past two years, the US has added dollars to the market at an unbelievable rate. War. Sanctions. Global trade is greatly impacted.  Scarce assets will remain scarce. The price of anything is determined by its supply and people’s demand. People have access to more dollars than ever before. Now it is more important than ever to have dollars on the sidelines ready to enter the market as we start to enter this overdue recession. 

GD: How can young investors take advantage of current market conditions?

Cyrus Taghehcian: Multiple half-billion crypto companies have declared bankruptcy already. Their assets will be on sale. The S&P 500 is down historic year-over-year lows already. Almost every industry is seeing massive value wiped off the scoreboard. As whole markets and countries capitulate, this is where the good news lies. There are opportunities everywhere. A well-placed investment strategy could be life-changing for some and could mean generational wealth for others. We all have to start somewhere. Cryptocurrency presents an entirely new asset class to the world. Digital property will cause the greatest wealth transfer the world has ever seen.

GD: When do you think we can expect to see a reduction in the volatility in the cryptocurrency market?

Cyrus Taghehcian: While the space is still unregulated, many are still waiting to enter this newish sector. Bitcoin, introduced in 2009 after the last economic crisis, was the first solution to the digital money problem and the first cryptocurrency project introduced. In 2018 Gary Gensler, chairman of the SEC, said that meaningful regulations to cryptocurrency were at least ten years out, while teaching a course on blockchain at MIT of Cambridge, MA. We will need a mix of both internal and external regulations as well as to establish a standardized routine of best practices if we want to beat volatility.

The post Cyrus Taghehcian Puts the Crypto Winter Into Perspective appeared first on Grit Daily News.

Led by investor and entrepreneur Fernando Garcia, Bridge 3 Labs (B3L) is an Austin-based blockchain startup focused on long-term wealth creation through disruptive Web3 technology. Founded in January of this year, the startup describes itself as “the 1st NFT Venture Studio bringing access to exclusive IRL assets through utility NFT projects.”

Born in Spain and now living in San Francisco, B3L’s CEO and Co-Founder Fernando Garcia has made a name for himself as an unstoppable leader and entrepreneur. He currently holds the position of Vice President of K2 Capital and Senior Vice President at Postlane Partners, having held similar leadership positions at Gladieux Energy, CKC Partners, and Search Fund Accelerator. Fernando is now channeling all of his experience on Bridge 3 Labs, which he is sure will outperform his previous $75M fuel automation technology and distribution business.

With this mission in mind, B3L is bringing together a private community of entrepreneurs and investors from different backgrounds to revolutionize how NFTs create wealth. By sourcing, identifying, and investing in promising teams, the startup not only helps new Web3 projects get off the ground but also brings value to its members. The B3L team has over 30 years of combined experience as founders and leaders of start-ups and mid-stage across the IT, Energy, Luxury Real Estate, and Wine industries.

The project uses its own NFT “B3L Pass” not only to grant its holder access to the exclusive community but also to advanced trading analytic tools, research, educational content, private IRL event invitations, and exclusive rewards. While the use of NFTs as a means to access a community is not new by itself, the highly professional nature of the B3L pass. In addition to this, the team will soon be adding value to the Genesis Collection via “Heirloom” NFTs.

Non-Fungible Tokens have been long criticized for their highly speculative nature and supposedly “lack of value”. Heirloom NFTs address this issue by using tangible high.end luxury experiences and commodities as their backing. At this time, these include a private Bitcoin mining operation, a boutique hotel chateaux, and a world-class winery. The high value and utility of the assets backing these NFTs mean that they will be especially beneficial to long-term holders, resulting in them being an heirloom of sorts as they continue to appreciate in value.

By taking the idea of NFT away from an art-focused technological tool, B3L is looking to make them a more effective and attractive wealth-generating tool. While this would be closer to the idea behind cryptocurrencies, Heirloom NFTs differ in their use of stable IRL assets instead of services and trust. B3L is bringing the best out of the worlds of crypto, NFTs, and luxury assets into a single product, a mix that is sure to be a game changer in the long term.

The post NFTs Changed Art and Gaming Forever: B3L Doesn’t Think That’s Enough appeared first on Grit Daily News.

As anyone who has dealt with decentralized apps or cryptocurrency knows, joining the blockchain space can be overwhelming. Crypto wallets, tokens, cryptocurrency, blockchain networks, gas, addresses, protocols, and exchanges, are only some of the terms a beginner will find. There is no going around it and denying it, blockchain is not the most user-friendly technology out there.

If understanding these terms and navigating them is hard as a user, understanding how they work on the backend and the complex infrastructure that supports it can be even harder. In fact, ease of development is considered by many as one of the biggest issues preventing corporations from actively using blockchain. Not only are blockchain developers in limited supply but the work required to transform existing infrastructure into its decentralized version can also result in high costs.

With blockchain still being a young technology, there are also many uncertainties that need to be dealt with. For example, the blockchain trilemma is pretty much still a thing, the bad implementation of blockchain can result in millionaire hacks, and regulatory uncertainty means more risks. While new and crowd-funded projects can afford to risk building on the blockchain, big corporations do not.

It is not surprising that many projects were born over the past few years with the aim to ease these concerns. Some projects promise to bring the best of the centralized and decentralized world to deal with the trilemma, while others claim to be invulnerable or highly resistant to attacks. However, few projects seem to be focusing on the topic of easing concerns around regulation.

While President Biden’s executive order on crypto was received as good news by the crypto community, it is uncertain what the results will be. In the past, the Securities and Exchange Commission has taken hostile actions against crypto companies like Coinschedule, Ripple, WisdomTree, and LBRY.  These actions have relied primarily on the claims that some cryptocurrencies and NFTs should be considered a security and as such, are under their jurisdiction.

To deal with this issue, Pocketful of Quarters came up with a unique “‘no Action’ ERC-20 Token” which can be used by projects in the gaming industry while remaining compliant with SEC regulations. This is possible due to the company being the only one to get a no-action letter from the SEC, granting its token “consumer product” status. While unique in its kind so far, the company’s approach has proven to be not only innovative but impactful in the space.

Pocketful of Quarters’ COO Tim Tello joined  CryptoOracle’s Co-Founder Lou Kerner in a fireside chat during Grit Daily House. The chat, which took place during Consensus 2022, provided attendees with unique insights on how this unique token could not only change the gaming industry but also the blockchain space.

If you missed the chance to attend Grit Daily House in person and to hear what Joseph had to say, worry not. You will be able to watch the fireside chat in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Struggling to Adopt Blockchain? Meet the Token That Could Change That! appeared first on Grit Daily News.

According to the Blockchain Game Alliance and DappRadar’s Q1 of 2022 report, $2.5 billion were raised by blockchain games during the first quarter. If this trend was to continue, investments would increase by 150% when compared to last year, with activity having grown already by 2,000%.

This growth is not fortuitous but the result of technologies like NFTs, Web3, and the metaverse gaining relevance in the blockchain and mainstream tech spaces. In fact, blockchain gaming’s impact on the blockchain space has been so strong that its activity accounts for 52% of all blockchain activity.

Games like Axie Infinity, Splinterlands, Alien Worlds, Crazy Defense Heroes, Sky Mavis, and The Sandbox are some of the games leading to the rise of blockchain gaming. Not only have these games allowed players all around the world to generate economic gains but they have also introduced innovative mechanics and partnerships.  An example of this is The Sandbox’s recent partnership with Time Magazine to develop “Time Square”, a metaverse version of NYC’s iconic intersection.

“The Sandbox is often viewed as a ‘virtual Manhattan’, a vibrant space alive with culture, entertainment, and brands, where anyone can discover, learn, work, meet new people, play, dance, and find amazing new opportunities,” said The Sandbox’s Co-Founder and COO Sebastien Borget in the announcement. “By partnering with TIME, we’re adding TIMEPieces as the beating heart and soul of this virtual Manhattan, where a design call for virtual architects will be held in TIME Square, a place in our creative metaverse for brands and creators.”

But what is the reason behind gamers’ captivation with blockchain gaming? The reason is simple: The play-to-earn model. Historically, gamers have been unable to profit from playing their favorite games as most developers don’t allow real money transactions. While the reasons for this decision vary, they are often related to an attempt to prevent botting, account hacking/sharing, and legal issues.

The result is that most players don’t truly own their in-game assets as they can’t sell them nor take them out of the game ecosystem. Blockchain changed this by introducing NFTs and crypto, facilitating the creation of open marketplaces for gamers to trade their assets. This, in addition to being able to move assets out of the game ecosystem, result in true ownership.

As part of Grit Daily House during Consensus 2022, attendees had the opportunity to hear directly from one of the pioneers shaping the future of blockchain gaming. PixelSmarter’s Founder & DashLeague Creator Joseph Lazukin sat with Entrepreneur Magazine’s Jeff Hunter to talk about the opportunities and challenges in the blockchain gaming industry.

If you missed the chance to attend Grit Daily House in person and to hear what Joseph had to say, worry not. You will be able to watch the fireside chat in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post The Future of Web3 Gaming and How It Is Driving Blockchain Activity appeared first on Grit Daily News.

Concerns around the ethical implications of blockchain technology have been around since its early days. However, as the technology gained relevance, it would eventually become one of the major sources of both positive and negative criticism. Probably the biggest criticism that blockchain technology has had to face was when the New York Times published a piece on Bitcoin’s environmental impact.

The piece, titled “In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy”, brought further attention to existing concerns on Proof-of-work’s energy consumption. Many articles and columns would show up over the next few days, with companies like Square and Citi weighing in. While the topic of Bitcoin’s use case is certainly not in the spotlight nowadays, it remains relevant.

More recently, Non-Fungible Tokens have also risen to prominence as celebrities and brands around the world started using and advocating them. During the NFT craze, thousands of people joined the discussion on how ethical NFTs really were. While supporters defended their potential use cases and their role in democratizing art, detractors pointed at the financial implications of speculation around them and their hypocrisy.

Debate on the ethics of new technologies is nothing new. The International Journal of Ethics published by The University of Chicago Press was already publishing about the topic back in 1923. In an article titled “Some Ethical Consequences of the Industrial Revolution”, Austin Freeman referred to the industrial revolution by saying:

“This ethical atrophy represents the subsidence to a lower level of essential civilization. For civilization, as we have agreed, is based upon the recognition by man of his duty towards his neighbour; of which none can be more obvious than that of honesty and fair dealing.”

Today, most of us don’t think of the technical revolution as a negative but quite the opposite. Just like that, most criticism toward NFT, blockchain, and crypto, is more about their current status… Not about the technology itself. When it comes to investing in a socially responsible manner, it is not about investing in crypto or not, but the how.

The “The Math of Socially Responsible Investing in Blockchain & the Metaverse” panel saw experts discuss this topic as part of Grit Daily House during Consensus 2022. Leah Callon-Butler, Director at Emfarsis; Evin Cheikosman, Policy Analyst at World Economic Forum; and Nisa Amoils, Managing Partner at A100x Ventures, took to the stage to share their insights, opinions, and experience with the attendees.

Moderated by Linqto’s Chief Strategy Officer Karim Nurani, panelists discussed topics such as environmental concerns around blockchain, the regulation of fintech, and the role of women in developing countries. If you want to know what these experts have to say, you can watch the entire panel in the video below. You can also find our other panels on Grit Daily’s official YouTube Channel!

The post Crypto Ethics: The Math of Socially Responsible Investing in Blockchain & the Metaverse appeared first on Grit Daily News.

With investors currently looking for the best way to deal with the inconsistencies of the current economic landscape, caution seems to be the law of the land across markets. As such, investors are choosing to focus on projects generating actual value instead of their potential, status, or connections. This means that at this time, a startup with a positive balance sheet has a unique opportunity to beat unicorns when it comes to raising pre-IPO funding.

Surprisingly, Venture Capitalists in the crypto ecosystem seem to have remained more cool-headed than their stock counterparts. It is well known by now that Andreessen Horowitz raised a $4.5 billion crypto fund. However, other Crypto investors have also achieved the same, with Sequoia raising $500 million back in May and Binance lab doing the same in early June.

What all of these funds have in common is their heavy focus on Web3 projects, a continuation of a trend that has been going on for several months. The popularity of Web3 in the tech world has been so overwhelming that tech giants like Google, Facebook, and Amazon have been unable to deal with it. Despite having been the mecca for tech employees for more than a decade, these companies have seen an exodus of top talent looking to work in Web3.

While Web3 is only one of the niches driving the pre-IPO deal flow in the blockchain space, its relevance is of special significance. This is especially true due to the criticism Web3 has received from figures like Jack Dorsey, Aaron Levie, Stephen Diehl, and Molly White. Despite this criticism, investors like Marc Andreessen are extremely bullish on Web 3, going as far as saying:

“The easiest way to think about it is: When you get something like this, this sort of collective effect that has a movement behind it and is attracting many of the world’s smartest people to work on it… basically the criticisms end up playing out differently than the critics think. These critics make a long list of all the problems but these genius engineers and entrepreneurs look at that list of problems as a list of opportunities.”

The question “Where Is the Pre-IPO Deal Flow?” was the main topic of one of the panels at Grit Daily House earlier this month. Karim Nurani, Chief Strategy Officer at Linqto; Evan Greenberg Co-Founder of Blockchain Beach; and Marc Weill, Senior Advisor at Two Sigma Ventures, sat to share the unique environment that has emerged with the latest market winter.

If you missed the chance to attend Grit Daily House in person and to hear what these panelists have to say about this topic, worry not. You will be able to watch the panel in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Crypto Startup Funding Is Still Going Strong, but Where Is the Pre-IPO Deal Flow? appeared first on Grit Daily News.

John Karony, CEO of SafeMoon, conducted an interview with Shaun Fox, of Australia, an entrepreneur, author and expert in the global financial services market who heads the FOXI group of companies at the recent Fund Launch Live event in Las Vegas. The following discussion on the power of community and social impact in blockchain is Part 1:

Karony: A little more than a year ago in March 2021, before SafeMoon had a public-facing presence of anything… once we’d safely kicked off and realized that between Twitter and Discord we’d amassed such a massive following (more than two million that now refer to themselves as the #SAFEMOONARMY … I next realized what a powerful force they’d become and that our tribe needed to face together. I realized quickly they required education that doesn’t exist. Statistically, many or even most of them are unfamiliar with most cryptocurrencies, blockchain projects or companies. I’m just kidding, to some degree … but most don’t have a Bitcoin. Nobody knows who Satoshi is.

Fox: So you’ve been putting all of that education out? Because that’s actually…Wow.

Karony: Yeah. So you know, for most of the legions of the “crypto curious” there’s been no face behind most of these projects. You don’t know who’s behind it. You don’t know who’s really behind their projects 100% You don’t have these resources behind a phantom network. For most of these ventures, you may hear whispers of who they could be, you don’t actually ever meet them. So for us, what we wanted to do, and what I specifically wanted to do, is to put my money where my mouth is and essentially put my face out there – to dox myself, which comes with some benefits, such as taking the mystery out of the company and the technology for these massive legions of participants.

Fox: It’s something simple that I do, as well. For retail fundraising, and most of these fund managers, they want to hide behind the initiative, to stay in the shadows. So, what I did as a wholesale funding provider with RAIC Capital was that I put myself out there. I said, “Well, look if you’re trusting me with money, I will put myself out there, so you do the same, if you guys are going to get behind me. The power in this is amazing. I have question for you — have you been purposely building your tribe, your village, and how have you done that? And in that brutal subspace, when did that actually start? Did you start building the tribe before you launched the client?

Karony: No. The “army” formed organically around our visionary impact and branding. So, it was organically formed, but as we realized the power in this, we took that phenomenon and cultivated it, and enabled our tribe to be effective. During that early phase we started engaging with them, which at that time was more about engaging them primarily to continue following, to continue their participation. I’ll never tell anybody to buy, sell or do anything in the form of a financial advisor in any way, shape, or form.

But I will say, “I would like you to use our products. I’d like you to use our services. And I’d like you to follow our vision because you can be part of our community, and we don’t participate in whether they want to buy our token. And that’s our policy whether you’re a whale, or whether you’re someone who only has a fraction of a penny. If you’re participating in the vision and the return on Impact mission, then you are part of our tribe. And our tribe expands past our own products. So, I communicate to our ecosystem. The ecosystem includes additional people who listen to our platform, and they go through a vetting process with us before we fully engage. We go through a vetting process to see if participants we work with share the same values and the same vision as we have.

Fox: That’s fantastic. So, with that tribe that you have, with the number of people you have been two-plus million, how many of them are in the token?

Karony: Actually, give or take, between 600,000 and 2 million.

Fox: That’s wild. And you can add extra value to other partners who can then be and share in that community.

Karony: And our partners bring their communities with them as well. So, our tribe grows and grows and grows.

Fox: I absolutely love that. So, these are the things I wanted to talk to you about today and about the synergies. Because I’ve been to all the token events in Miami the other week, and I’m at the fund manager event now. And you’re probably the first person I’ve found who completely aligns the vision of how I see community. For me, it was around growing that community of the retired nurses in my own kind of retail fund and then becoming a regulating entity. Now I authorize other fund managers to be funded. As I’ve said from the stage, I don’t ever see competition. I see other industry partners, and we can create a market space together.

Karony: In the crypto space, people don’t realize — it’s early, and when institutional investments and money starts flowing in, not one cryptocurrency exchange can handle that volume. When the mainstream gets involved, no one company can handle that. Like the customer support needed for even, perhaps, 20 million devices. The footprint is astronomical. And so you’re not actually in competition with each other. There are ways to find synergy and work together to help to create a solid and positive impact.

Fox: Like any credit market and what you said here on stage, which was amazing, that within your community, you found out another exchange had been hacked before they’s found out and then just picked up the phone and said, “Oh, guys, you got an issue,” Right? Which is amazing. And that’s what the power of the community is. It’s creating what I’m trying to do it in the fundamentals but creating resources and solutions in the token space that is such a fast-growing industry is isn’t taught, but there a half million cryptocurrencies out there. There’s a huge amount of power in being able to start creating a safe environment space for other market industry people to go just talk to you guys and to talk about “How do we work?” I love that. That’s probably one of the things that really shone out for me about what you’re doing with SafeMoon.

Karony: Yeah. And you know, it’s also about creating positivity because the crypto market has been traditionally plagued with FUD (fear uncertainty, doubt) issues where we have coordinated FUD attacks happen. Defamation. Campaigns slung against another crypto token, to sway people to bring them over. It’s completely backwards. They need to realize we’re all one community. It’s not Dogecoin versus Bitcoin versus SafeMoon. It’s that we all provide value to each other in different ways. You know, Bitcoin is more widely adopted at this current point in time. So if you can get a trading pair with that and then provide additional value to your community that allows them if they’d like to exit they can exit into Bitcoin, yeah, versus just being limited to exiting into BNB or Etherium. It’s providing that additional value, but you’re also providing that additional value to the other organization.

Fox: Well, I think that’s one of the things I’ve identified. I’m looking at this concept because we’re in the process getting the licenses to go to authorized exchanges, and particularly in Australia, the most regulated country on the planet. So, I’ve been steeping myself in the community of blockchain and looking at the challenges – there are so many coins out there, but how do you get grandma retail to adapt to it? How do you find true utility, and a true use case for getting into there? So, from what I see, and from being a mentor for years, and seeing what you’re doing within the industry to go and create a safe space, let’s work together. Which means you can get away from people doing the sort of photo tagging stuff. We should be worried about it, because the real issue is how do we bridge those other gaps, and by doing what you’re doing, you’re saying “Guys, let’s now work together and we can actually start fixing the issues you have.” That’s the power of the tribe. 

The post For Success in Business: Community and Social Impact Reign Supreme appeared first on Grit Daily News.

Web3 is a loosely defined term that most tech, gaming, and crypto enthusiasts might have heard of or be familiar with. At its core, Web3 is the idea of a new web that doesn’t rely on centralized architecture to fulfill its purpose. By achieving this, users would have full control over their data, censorship would be impossible, single points of failure would be removed, and information would be more accessible.

Over the past decade, the internet has become increasingly centralized as companies like Meta, Google, Amazon, Microsoft, and YouTube. The power these companies have over specific industries and parts of the internet is difficult to measure. Not only do they have full control over platforms used by millions, which is not necessarily a problem, but their services are also so ingrained into the web that they are essential.

By shifting to Web3, advocates hope that a new internet can be built around the principle the web was based on: A network available to everyone. While Web3 is still pretty undeveloped and in the early stages, blockchain technology is the most probable technology when it comes to being the backbone. As such, components like NFT, Cryptocurrencies, nodes, and decentralized governance are also playing an important role at the time.

The relevance of blockchain in Web3 means that users will require a crypto wallet to surf it in an effective manner. This is also the case due to the role that self-sovereign identity will play in this new web. The use of a crypto wallet as a means of proving identity offers huge benefits over traditional methods like usernames, not only in terms of security but also versatility.

If you have been part of the crypto, NFT, or blockchain community for some time, you probably have already interacted with a few wallets. Choosing between wallets has become an increasingly difficult task, with each of them offering different features and standards. So, what conditions should a wallet fulfill in order to become a viable passport to the Web3 ecosystem?

Few people know more about crypto wallets and their role on Web3 than Zengo’s VP of Business and Strategy Ido Sofer. Ido joined Blockchain Analyst & Cointelegraph reporter Rachel Wolfson during Grit Daily House to discuss the role of crypto wallets on Web3. 

If you missed the chance to attend Grit Daily House in person and want to hear what Ido has to say about this topic, worry not. You will be able to watch the panel in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Web3 Promises a New World: Crypto Wallets Will Be the Passport appeared first on Grit Daily News.

While the topic of crypto regulation has been constantly present over the past years, it is pressed even further every time investors face a bear market. More often than not, coverage of the topic will talk about the necessity for clearer regulation to prevent crashes and collapses like the one Terra experienced. The fact that a clear regulatory framework is needed for crypto to become safer and reach adoption, is undeniable. However… Who should design is not as clear.

Back in March, the Cryptocurrency ecosystem rejoiced when news came about President Biden signing an executive order that would see federal agencies cooperate to regulate cryptocurrency. The order, according to the administration, was designed to “lead and shape financial innovation to promote prosperity, prevent abuse, and advance democratic values”.

Unfortunately, the order itself is reflective of a major issue that has plagued the cryptocurrency space since 2008 by limiting crypto to the role of a financial tool. Blockchain technology, which is the backbone of crypto and other technologies like NFTs and Web3, is only referred to 4 times in the almost 5600 words long order. The only time the term was used in regards to regulation was to request the addressing of blockchain’s environmental impact.

The attempt to regulate cryptocurrencies without considering the larger role they play as part of complex digital ecosystems shouldn’t be surprising. Governments around the world have proven themselves to be unable to understand the technology and keep up with it. Examples of this include Senator Ted Stevens’s infamous “series of tubes” metaphor when referring to the Internet or questions asked by lawmakers during Mark Zuckerberg and Sundar Pichai’s Senate hearings.

With cryptocurrency being an essential part of blockchain technology, understanding the implications of regulations beyond the financial realm is essential. This is not only in the tech industry and consumers’ best interests but also in the government’s. As efforts to launch a CBDC and rein in big tech gain momentum, the government could find an important ally in blockchain with the development of Web3 and other decentralized technologies. 

Nasdaq’s Global Markets Reporter Jill Malandrino and CFTC’s former Chairman J. Christopher Giancarlo sat with Linqto’s Chief Strategy Officer Karim Nurani to talk about “Government and Its Relationship to Crypto”. The panel, which took place during Grit Daily House at Consensus 2022, covered topics ranging from how crypto falls under a category of its own to the role a CBDC would play on the national economy.

If you missed the chance to attend Grit Daily House in person and want to hear what these panelists have to say about this topic, worry not. You will be able to watch the panel in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Catch Me if You Can: Government and Its Relationship to Crypto. appeared first on Grit Daily News.

Not only is the crypto market far from the only market currently crashing but the space has also survived similar crashes in the past. Back in 2018, many believed that crypto was done as a result of the ICO boom, worries about a regulatory crackdown, exchange hacks, and many other events. However, despite such predictions, cryptocurrency perdured and grew even stronger as more stable and efficient safeguards were put in place.

It is not a surprise that most experts agree that while the current crypto crash is certainly alarming from a financial perspective, it is temporary. Just like stocks, real estate, and gold have crashes and corrections just to recover from them eventually, crypto is also cyclical. Vitalik Buterin shared his opinion about the current state of the market in a recent interview with Fortune:

“Crypto has had ups before, and it has had downs before, and it will have ups and downs again. The down periods are certainly challenging, though they are also often the periods where the most meaningful projects get nurtured and built.”

The outgoing bear market represents an opportunity for crypto projects to gain notoriety based on their technological relevance and innovation. Blockchain networks like Ethereum, Cardano, and Polkadot have already benefited from the lessons taught by recent developments. Charles Hoskinson, Cardano’s founder, offered an update on the impact of Terra’s crash on Cardano’s upcoming Vasil hard fork:

“After the collapse of LUNA, we decided to add an additional test harness to what we’re doing and think really carefully about some things. It’s taking a bit more time but we figured that the abundance of caution is well rewarded these days. We’ll just keep building.”

From an investment perspective, the bubble burst is also more multifaceted than most media and people would make investors think. Bubbles have the potential to drive investment to areas that favor innovation, allowing projects in them to get off the ground. In a similar manner, projects that rely on speculation instead of strong foundations are weeded out more often than not. 

Once you understand the potential positive ramifications of a bubble, it is easy to see why investments opt to get altcoins. The potential profit that can be gained from investing in the right altcoin during a bear market is more than enough to allure investors of all levels. However, this doesn’t mean that investing in any altcoin is the way to go as, in fact, choosing the right altcoin is in fact even more challenging than during a bull run.

Back on June 8th, Grit Daily House saw Linqto’s Chief Strategy Officer Karim Nurani, Journey’s Co-Founder & Chief Metaverse Officer Cathy Hackl, and Contrarian Thinking’s Founder Codie Sanchez, sit with CoinDesk TV’s Jenn Sanasie to talk about the crypto market bubble. Titled “Where Is the (Market) Bubble?”, the panel was full of important insights ranging from the Metaverse’s relationship to the bubble, to how investors can navigate the current bear market.

If you missed the chance to attend Grit Daily House in person and to hear what these experts have to say about the Yin and Yang that a bubble can be, worry not. Not only will you be able to watch the panel in the video below but you can also find other panels on Grit Daily’s official YouTube Channel.

The post The Crypto Bubble Is Bad, Right? Well, It’s Complicated appeared first on Grit Daily News.