{"id":483908,"date":"2022-08-12T22:59:23","date_gmt":"2022-08-12T19:59:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-biz-a-futurist-take-on-crypto\/"},"modified":"2022-08-12T22:59:23","modified_gmt":"2022-08-12T19:59:23","slug":"crypto-biz-a-futurist-take-on-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-biz-a-futurist-take-on-crypto\/","title":{"rendered":"# Crypto Biz: A Futurist take on crypto"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36c40064865\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36c40064865\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-a-futurist-take-on-crypto\/#%E2%80%9D_Crypto_Biz_A_Futurist_take_on_crypto_%E2%80%9C\" >&#8221; Crypto Biz: A Futurist take on crypto  &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-a-futurist-take-on-crypto\/#DeFi_needs_a_%E2%80%98killer_app_to_go_next_level_says_Ripple_exec\" >DeFi needs a \u2018killer app\u2019 to go next level, says Ripple exec<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-a-futurist-take-on-crypto\/#Wealth_managers_and_VCs_are_helping_drive_institutional_crypto_adoption_%E2%80%94_Wave_Financial_execs\" >Wealth managers and VCs are helping drive institutional crypto adoption \u2014 Wave Financial execs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-a-futurist-take-on-crypto\/#Coinbase_posts_11B_loss_in_Q2_on_%E2%80%98fast_and_furious_crypto_downturn\" >Coinbase posts $1.1B loss in Q2 on \u2018fast and furious\u2019 crypto downturn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-a-futurist-take-on-crypto\/#Amid_miner_capitulation_Hut_8_maintained_BTC_%E2%80%98HODL_strategy_in_July\" >Amid miner capitulation, Hut 8 maintained BTC \u2018HODL strategy\u2019 in July<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-a-futurist-take-on-crypto\/#Dont_miss_it_Is_your_SOL_safe\" >Don\u2019t miss it! Is your SOL safe?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Biz_A_Futurist_take_on_crypto_%E2%80%9C\"><\/span>&#8221; Crypto Biz: A Futurist take on crypto  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots,\u00a0Toronto-based 3iQ launched North America\u2019s first physically-settled Bitcoin (BTC) exchange-traded fund (ETF) and the percentage of active crypto holders in the country has increased steadily over the past two years.\u00a0<\/p>\n<p>Against this backdrop, I had the pleasure of attending this year\u2019s Blockchain Futurist Conference in Toronto, where I got to moderate two panels on rebuilding the financial system through Web3 and onboarding the next wave of crypto users. The event served as another reminder that the industry\u2019s brightest minds are still building amazing products despite current market conditions. Not to sound overly cliche, but it\u2019s hard to be bearish on digital assets if you adopt a low-time preference.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/a7f55038-fb0a-473f-a626-e9cf37d5acdd.jpeg\"><figcaption style=\"text-align: center;\"><em>Blockchain Futurist Conference 2022 opening day, Toronto, Ontario, Canada.<\/em><\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"DeFi_needs_a_%E2%80%98killer_app_to_go_next_level_says_Ripple_exec\"><\/span>DeFi needs a \u2018killer app\u2019 to go next level, says Ripple exec<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You can\u2019t have a proper conversation about the future of digital assets without talking about decentralized finance (DeFi). One of the most stimulating panels at Futurist, titled \u201cThe Future of Decentralized Finance,\u201d featured the head of DeFi markets at Ripple Labs, the founder of Teller Finance and executives from Aventus Ventures and FLUIDEFI. According to Ripple Labs\u2019 Boris Alergant, the institutional adoption of DeFi is coming next \u2014 but not before the industry creates the next \u201ckiller <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>\u201d to really pique interest. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Wealth_managers_and_VCs_are_helping_drive_institutional_crypto_adoption_%E2%80%94_Wave_Financial_execs\"><\/span>Wealth managers and VCs are helping drive institutional crypto adoption \u2014 Wave Financial execs<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The crypto bear market has instilled a lot of fear in retail investors. But, for institutions and venture funds, adoption has been ramping up. At Futurist, I had the opportunity to interview two executives from asset management firm Wave Financial, who explained that high-net-worth individuals and institutional investors are increasing their exposure to digital assets. During the last bear market, institutions were asking, <em>Is this the end of crypto?<\/em> Now, the question seems to be much more around, <em>Is this the right time to get in? <\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Coinbase_posts_11B_loss_in_Q2_on_%E2%80%98fast_and_furious_crypto_downturn\"><\/span>Coinbase posts $1.1B loss in Q2 on \u2018fast and furious\u2019 crypto downturn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We all know the crypto exchange business got nuked in the second quarter due to the bear market. As it turns out, the performance of top crypto exchange Coinbase was worse than expected. The company booked a massive $1.1 billion loss between April and June, easily its worst quarter since going public in 2021. Revenues were also down 45.1% quarter-on-quarter and 153.1% compared with year-ago levels. Although crypto prices have rebounded modestly over the past month, retail interest and trading volumes remain low. That means there could be more pain in store for Coinbase in the short term. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Amid_miner_capitulation_Hut_8_maintained_BTC_%E2%80%98HODL_strategy_in_July\"><\/span>Amid miner capitulation, Hut 8 maintained BTC \u2018HODL strategy\u2019 in July<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Some of the world\u2019s largest Bitcoin miners have been selling their bags to finance operations during the bear market \u2014 but not Hut 8. The Canadian mining company, which trades publicly on the Nasdaq and Toronto stock exchanges, maintained its diamond hands in July as its Bitcoin reserves grew to 7,736 BTC. Hut 8 maintains an active \u201cHODL strategy\u201d that involves depositing all self-mined BTC into custody. The company\u2019s resolve is truly impressive given how fast and hard Bitcoin\u2019s price has fallen. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dont_miss_it_Is_your_SOL_safe\"><\/span>Don\u2019t miss it! Is your SOL safe?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Solana was the target of another coordinated attack this month after hackers stole roughly $8 million in crypto from ecosystem wallet Slope. Possibly due to its ambitious design and security trade-offs to achieve higher throughput, Solana has been the target of several exploits over the past year. This leads us to the vital question: Is your Solana (SOL) actually safe? In this week\u2019s Market Report, analysts Marcel Pechman, Yashu Gola and Benton Yaun <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=eVe1o-mM1BM\">debate<\/a> whether SOL investors should be legitimately concerned. You can watch the full replay below.<\/p>\n<p><iframe loading=\"lazy\" title=\"Is your SOL safe? What we know about the Solana hack\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/eVe1o-mM1BM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Crypto Biz is your weekly pulse of the business behind blockchain and crypto delivered directly to your inbox every Thursday.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-a-futurist-take-on-crypto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Biz: A Futurist take on crypto &#8220; You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots,\u00a0Toronto-based 3iQ launched North America\u2019s first physically-settled Bitcoin (BTC) exchange-traded fund (ETF) and the percentage of active crypto holders in the country has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":483909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvZTM4ZDUzMmMtZmNkNC00YzY0LWJmNWYtOWY1ZTRhOWUwNTgzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74989,74956,80667,108918,92498,117,22974,27142,71745],"class_list":["post-483908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-mining","tag-coinbase","tag-event","tag-event-recap","tag-solana","tag-business","tag-canada","tag-toronto","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=483908"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/483908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/483909"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=483908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=483908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=483908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}