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Report shows Metaverse, the killer narrative of 2021, turned out to be the biggest loser in the crypto sector this year.
As per the year-end report by Arcane Research, both the alternative layer 1s craze and the Metaverse hype of last year came crashing hard in 2022. Here is a chart that shows how some of the biggest narratives of 2021 performed this year:
Given the prevalence of scams and fraud in the crypto industry, governments of different countries are trying to protect their citizens. The FTX, Terra collapse, and other recent unfortunate occurrences have spurred authorities and lawmakers into action, looking for ways to curb the menace.
In light of the regulatory issues, the Australian government has taken steps to improve security in the crypto space. The government announced its plans to tighten regulations for crypto firms. In addition, the government plans to release a consultation paper to aid their decisions on the digital assets they want to regulate in 2023.
The growth and increasing cryptocurrency adoption have brought different reactions in many places. Some are entirely embracing the industry and its numerous opportunities with innovative ideas. But some are retracing their steps within the crypto space using stricter regulatory measures.
Recently events in some Asian regions on the retail digital asset landscape are taking some interesting twists. For example, Hong Kong and Singapore seem to be moving in opposite directions regarding their stance on digital retail.
Singapore is gradually retracing from its previous friendly disposition on digital assets and its activities. But Hong Kong is preparing for new moves to enhance its presence in the digital space.
The Dow and broader U.S. stock market drifted lower Wednesday, as the combination of trade-war uncertainty and dismal housing data raised red flags about the health of the domestic economy. Dow Slides; S&P 500, Nasdaq Follow All of Wall Street’s major indexes reported losses Wednesday, mirroring a tepid pre-market for Dow futures. The Dow Jones […]
The post Dow Weakens as Housing Sector Raises Economic Red Flags appeared first on CCN Markets
The post IHS Markit report: finance industry blockchain sector to hit $ 462 billion by 2030 appeared first on CoinReport.
Today, Microsoft-owned LinkedIn released its top 5 emerging careers, where it listed “Blockchain Developer” as its biggest growing job sector for 2018. According to LinkedIn’s 2018 U.S. Emerging Jobs Report, job listings for engineers who can develop distributed ledgers with P2P technology have grown 33 times this year. In the second place, and by quite
The post Blockchain Development Is Linkedin’s Biggest Growing Job Sector appeared first on CCN
A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and priorities” has resulted in a
The post Regulatory Overreach is Crippling the U.S. Crypto Sector: Law Prof. appeared first on CCN
The post Sector pacesetters lead dialogue on digital currency compliance standards appeared first on CoinReport.
Industries focusing on the Bitcoin’s blockchain technology, the Internet of Things (IoT), and artificial intelligence (AI) are fueling the semiconductor industry to the “highest ever monthly sales.” However, the US-China trade war is now instigating fear and volatility in the semiconductor industry.
Data compiled by World Semiconductor Trade Statistics (WSTS) shows that global sales of semiconductors were $ 40.1 billion in August 2018, representing an increase of 14.9 percent compared with the August 2017 total of $ 34.9 billion. As a result, the Semiconductor Industry Association (SIA) reports that worldwide sales in August 2018 were 1.7 percent higher than the July 2018 total of $ 39.49 billion.
The regulatory chief of Abu Dhabi’s international financial center and free zone has called for tighter regulations for cryptocurrency trading and ICOs while recognizing the growing global industry. Nearly a year after issuing its guidelines for cryptocurrencies and initial coin offerings (ICOs), effectively regulating the industry, the Financial Services Regulatory Authority (FSRA) is sharing its
The post Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator appeared first on CCN
The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its cryptocurrency custody services last week in China despite the mainland ban. The Shanghai startup proposes to attract cryptocurrency exchanges as its primary clients, believing they
The post China’s Crypto Custody Sector Is Growing despite the Mainland Ban appeared first on CCN
AirChain Network , a blockchain powered ecosystem designed especially for the air freight sector, is all set to revolutionize the industry by addressing long standing problems such as transparency, safety, and flexibility. The platform’s mobile applications are currently available for download via the App Store and Google Play.
Warsaw, Poland April 23, 2018
AirChain Network is pleased to announce the official launch of their mobile application via the App Store and Google Play. The company reveals that the beta version of AirChain Network has also gone live recently. This blockchain powered ecosystem has been built by a team of experienced developers and blockchain experts with the intention of making the air freight sector more efficient by bringing transparency, safety, and flexibility.
Today, March 22, 2018, at the government’s second International Fintech Conference, Exchequer Chancellor Philip Hammond announced the launch of a Fintech Sector Strategy that looks to keep the U.K. on the forefront of the industry.
The primary component of this new strategy will be the introduction of a Crypto Assets Task Force composed of representatives from the Bank of England (BOE), HM Treasury and the Financial Conduct Authority (FCA). The purpose of this team will be twofold: promote the U.K.’s position as a leader in the emerging world of digital currency, while concurrently establishing the infrastructure needed to monitor the “potential risks” associated with the crypto space.
From fintech to the internet of things, startups and entrepreneurs are all working on projects in which blockchain can fit into existing industries. With an endless number of possibilities, blockchain technology can revolutionize the gaming industry. An over $ 100 billion industry, the digital nature of video games makes it the perfect use case for blockchain implementation.
Let’s take BitGuild for example, having raised more than $ 20 million in under six (6) hours via its ICO, also launched a successful pre-sale campaign, raising funds from high-tier supporters like Justin Sin, founder of blockchain-base, open-source protocol, TRON.
Taiwanese airline FAT Taiwan Inc. (Far Eastern Air Transport) recently announced that it will accept bitcoin payments, becoming the first airline in the country to accept cryptocurrency for tickets in a growing trend.
FAT’s announcement on February 28th states that the airline will accept cryptocurrency payments, namely Bitcoin, for tickets and related travel services as it looks to become a pioneer in cryptocurrency adoption within the country’s aviation industry.
Passengers can now use Bitcoin in a convenient and discounted trading experience to pay for more than 20,000 flights.
trade.io has a vision to revolutionize the financial industry, recognizing that in 2008 the world economy nearly collapsed, arguing that it was not due entirely to recklessness and a lack of transparency, but also because the financial sector had failed to keep up with innovation.
The team behind trade.io sees that little has changed since 2008, nor have lessons been learned. Investors are at the mercy of high fees and low liquidity and, with transparency still lacking, even third-party verification suffers from conflicts of interest. trade.io aims to disrupt the current financial establishment and lead it forwards with honest and fair trading, conducted and recorded on the secure and transparent blockchain.
