As the cryptocurrency and blockchain industries mature, they must prepare for a downside to their success - patent trolls. As technology charts clear routes and more money is at stake, Dykema patent attorney Michael Word said cryptocurrency will be the next patent battlefield.
Look beyond the initial aftereffects of recent market shocks and there are plenty of positive developments happening in blockchain-related industries, the leader of a global investment firm believes.
As the crypto wave continues to sweep Latin America, both banks and fintechs are crafting an expanding crypto offering in Brazil.
Offering a segregated bitcoin custody model, the bank provides institutional customers with SPDI-driven protections.
US regulators plan to continue their enforcement of crypto, leaving the industry without much needed clarity. However, FIs carry on adoption.
The Silicon Valley Bank (SVB) collapse will improve financial system health if it moves systems towards decentralized finance (DeFi). That pulls them away from the single points of failure that caused the most damage over the past few weeks, Paystand CEO Jeremy Almond said.
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.
Proposed regulations recently released by the Treasury Department help bring added clarity to participants in the digital asset economy. But the process is far from over. Investors, centralized crypto exchanges, payment processors, some hosted wallet providers, and some decentralized exchanges are the most affected. Miners, stakers and developers are not impacted.
Real-world asset tokenization was set to be a multi-trillion dollar market by 2030. It's still on track despite FTX setbacks.
There is a definite Monty Python theme to today's summary, and it fits as the to-date response to crypto and blockchain from regulators has been absurd and laughable.