On the bright side of things, the industry is gradually opening up for fairer competition and greater participation of retail investors. Such a phenomenon is especially in courtesy of recent technological innovations in blockchain and cryptography.
Bitcoin and Ethereum tend to be the blockchains decision makers outside the industry think about when distributed ledger technology is raised—including as it relates to climate change.
Despite the incredible progress it has made in a relatively short time (Bitcoin is little more than a decade old), crypto is stuck in the chasm between the early adopter and early majority phases of the adoption curve and is struggling to dig itself out.
Regardless of those opposed to the idea, DeFi technology is booming, reaching a market cap of $133.34 Billion in 2021, and a system that opens up access to finance for millions of people around the world is certainly not 'baloney.'
Something is broken in blockchain development. We hear about hacks in crypto all the time, the industry is filled with hastily developed products, and project delays are often expected.
While the lack of financial inclusivity is stark across many continents, fintech is evolving to give communities more opportunities to manage their finance and potentially to fight poverty through better wealth management services.
The cultural ascension of NFTs in 2021 has at times appeared as if it manifested out of thin air, but non-fungible token (NFT) technology made its debut with the now-popular Cryptopunks and Cryptokitties back in 2017.
At a recent Securities Traders Association conference, Nasdaq’s Head of North American Markets Tal Cohen spoke about how the company is adapting to increased competition, leveraging emerging technologies and bolstering the sports betting market.
The early adoption advantage of something like Bitcoin or Ethereum doesn’t apply. In fact, being a late entrant when the problems of the early entrants into the market are known has significant advantages.
If you’ve been paying attention to the DeFi sector, you’ll have noticed the emergence of bold new “unsecured” lending protocols, or lending platforms with zero collateral requirements that serve to maximize capital efficiency for borrowers.
With the evolution of blockchain technology, there are many lessons we can glean from how the first global communication networks evolved, particularly when it comes to connecting distinct systems and protocols.
The crypto world is known for its volatility, and hard forks—blockchain updates with security patches or other changes in the code—reinforce this perceived lack of stability.
A recent study carried out by PricewaterhouseCoopers (PwC) found that between 2019 and 2020 alone, the estimated cost of fraud to companies was a staggering $42 billion.
The West is often seen as the de facto capital for global technology, far overshadowing emerging regions such as the Middle East and North Africa (MENA).
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