Given that crypto-assets are in the early stages of their evolution (indeed, they are), they have unrivaled potential to grow exponentially, according to a column published this week. Carefully select what you want to read on Sunday from interviews. There are 9 this week.
If crypto assets are the future, now is the time
Over the past year, the general public’s sentiments toward cryptocurrencies (virtual currencies) have deteriorated significantly. So, at least until there is more certainty about the market and the drivers that move it, there may be a mindset to stay away from crypto.
But if we take a long-term view, we can see things differently. Crypto-assets are still new technology, and new technology always has an adoption curve. And a good way to measure it is “Metcalfe’s Law”. …read more
Is crypto-assets such as Bitcoin the “calm before the storm”?
The cryptocurrency market will prepare for a fall as liquidity tightening resumes after the US debt ceiling is resolved, market players say.
The restoration of the U.S. Treasury Department’s general account and the shrinking of the U.S. Federal Reserve’s (Fed) balance sheet have removed hundreds of billions of dollars of liquidity from the financial system, jeopardizing crypto asset prices in the coming months. become a burden. …read more
Is it true that cryptocurrency companies are moving away from America?
When Gary Gensler took over as chairman of the U.S. Securities and Exchange Commission (SEC) in 2021, he warned cryptocurrency projects that they were skeptical of “decentralized theater.”
This is misleading as DAOs (decentralized autonomous organizations) and protocols apparently have a core leadership team, but are ostensibly leaderless (and therefore may not be prosecutable). I had in mind to make such a claim. …read more
Crypto Assets Not Included in U.S. Debt Ceiling Deal — A Plus for Bitcoin
The words “crypto” and “cryptocurrencies” were not included at all in the first draft of the bill.
I was debating if that was a good thing or a bad thing, but since the Digital Asset Mining Energy (DAME) tax wasn’t included, I think it’s a plus for the industry, and I’ve come to the conclusion that it’s a good thing. Calm down. …read more
Why Major Emerging Markets Are Turning to Crypto-Assets—Japan’s Strange Move too
The United States is in a political stalemate, and other regions are building regulatory frameworks for crypto assets (virtual currencies). Now, it would be important to consider the evolution and prospects of citizen demand for crypto assets.
As big nations suffer from inflation, fiat currency instability and monopoly control over financial access, citizens are becoming more familiar with crypto assets and growing distrust of centralized mechanisms. …read more
Signs of change in the relationship between “good economic news = falling cryptocurrency prices”
This week’s US unemployment insurance claims and GDP (gross domestic product) were solid, but the crypto asset (virtual currency) market price movements did not have a big impact.
In the past, the relationship of “good economic news = falling cryptocurrency prices” may be a sign that things are starting to change. …read more
Serious doubts about Worldcoin addressed by Open AI founder
Sam Altman, who is currently attracting attention from all over the world as the CEO of OpenAI, is working not only on generative AI, but also on the “Worldcoin” project.
The company behind the project, Tools for Humanity, recently announced that it has raised $115 million (approximately ¥15.5 billion, at an exchange rate of ¥135 to the dollar) from venture capital. …read more
The NFT project, which was on the verge of collapse, is revived–Why did the penguin survive?
Pudgy Penguins, an NFT collection of round, cute penguins, has seen waves of success and failure since its debut in July 2021. The company suffered a sharp drop in price and plummeting popularity, especially when allegations surfaced about its founders last year.
The holding community, dubbed “Pengus” or “the Huddle,” was upset that the founders were unable to deliver on the project’s original roadmap. The outrage was further heightened by allegations that the founders stole the project’s funds. …read more
Should Russia boost crypto or ban it?
Another country is tepid about blockchain. Russia.
The war-torn country, led by a pathologically self-centered leader, appears to have scrapped plans to set up a state-owned cryptocurrency exchange, according to field reports posted on Twitter. Russian parliamentarian Anatoly Aksakov has reportedly said that he plans to put in place rules to allow the private sector to operate cryptocurrency exchanges. …read more
｜Text and editing: coindesk JAPAN editorial department