Layer 2s could be “cannibalistic” for Ether’s price potential, despite their scalability benefits, according to industry watchers.
Adoption news
Hong Kong’s move to exempt crypto gains from taxes targets hedge funds and family offices, boosting its competitiveness.
Former Minister John Baker takes an advisory role at Bitcoin-focused Axiom, with conditions to ensure fair governance.
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential.
Bitwise’s 10 Crypto Index Fund was launched in November 2017, with the bulk of the index fund comprised of Bitcoin and Ether.
Pantera is now up more than 130,000% from its first Bitcoin purchase back in July 2013.
China-based SOS, which operates a US-based Bitcoin mine, plans to buy $50 million worth of Bitcoin.
Responsible marketing in crypto cultivates transparency, education and trust, serving as a critical tool for project legitimacy and industry growth.
Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report.
Paradoxically, one of crypto’s biggest selling points keeps institutions from embracing Web3 and distributed ledger technologies.