The cries of crypto skeptics are growing fainter as digital assets continue to carve out a permanent presence in the economy. Read the latest newsletter insights from CT's Business Editor forgeforth_
) and other digital assets continue to trade well below their prior peaks. But the business of blockchain and crypto is heating up, as evidenced by the arrival of institutional capital and the flood of venture funding into the space. According to Nischal Shetty, CEO of India's WazirX crypto exchange, the digital asset revolution is already underway and will continue with or without your participation.
Below is the concise version of the latest"Crypto Biz" newsletter, which is delivered to your inbox every Thursday. Register for the full newsletter below to receive comprehensive insights every week.With crypto being thrust into mainstream consciousness in 2021, lawmakers around the world are scrambling to regulate the digital asset class. WazirX's Nischal Shetty believes nation-states will soon be in an arms race to develop and launch, or CBDCs.
in prize money to begin accepting stablecoins. The offer, which was floated in a Tuesday Twitter post, is intended to strengthen FTX's ties with traditional finance to help its customers better facilitate"near-instant and near-free deposits and withdrawals through stablecoins." Although the offer is no doubt intriguing, banks are unlikely to commit to supporting stablecoins until federal regulators chime in on the matter.
that was led by Sequoia China with additional participation from Dragonfly, Hash Global and Youbi, among several others. DeBank is now valued at $200 million, highlighting once again that DeFi-focused startups were attracting significant interest from venture capitalists.Binance pursues regulatory approvals in Bahrain and Canada
Binance is wrapping up a highly tumultuous year on a positive note after the cryptocurrency exchange announced it had received a
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