Blockchain, in all its incomprehensible glory, is likely here to stay. After two years of mayhem, the most recent bull run, where does that leave the industry?
Agreena has partnered with ZTLment to facilitate increased incentives for carbon sequestration in the agricultural sector
In this episode we talk with John Wu, the President of Ava Labs, as he discusses tokenization, permissionless blockchains, programmable money, the intersection of DeFi and TradFi and more.
The news was led by Goldman Sachs again this week as we learned the details of their restructuring. Mastercard is getting deeper into crypto, the CFPB is in turmoil, Voyager Digital customers may get 72% of their assets back and Chase is looking to move into small business payments.
Goldman Sachs leads off the news this week with some bad news and some good news. Step raised a huge debt round (eschewing equity), BNY Mellon is getting into crypto, which makes Custodia Bank very unhappy. And of course, there were plenty of crypto stories to round out the news.
Sam Brankman-Fried continued to dominate the news this week as Congress has asked him to testify. Walmart's One is getting into BNPL, Plaid is laying off 20% of their staff, the Coinbase CEO says revenue is down by half and Circle is no longer going public via SPAC.
There was a spate of negative fintech news this week. We had significant layoffs from two of the largest fintechs in the country, Stripe and Chime and Coinbase reported miserable Q3 results.
At Fintech Nexus Merge, the panel discussion 'Creating On-Ramps and Off-Ramps Between DeFi and Traditional Finance' was a riveting discussion giving the audience a snapshot of how the convergence between DeFi and TradFi will happen
At Fintech Nexus' Merge 2022 event, the future of DeFi and DAOs was discussed. Lex Sokolin believes it is time for a new economy to be born.
Lots of news from or about the government this week with FSOC warning on the dangers of crypto, the White House laying out plans for AI and Congress giving up on crypto legislation for this year.